Choudhary, M. Ali; jain, Anil K. - Federal Reserve Board (Board of Governors of the … - 2014
evaluate the importance of adverse selection in the credit market. A 2006 reform introduced by the State Bank of Pakistan (SBP … reform, the SBP stopped providing the aggregate group-level information. We propose a model with differentially informed … banks and adverse selection, which generates predictions on how this reform is expected to affect a bank's willingness to …