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Explain why asymmetric information in credit and insurance markets can be a substantial problem in developing countries. What are some potential solutions to solving the
Explain why asymmetric information in credit and insurance markets can be a substantial problem in developing countries. What are some potential solutions to solving the problems of moral hazard and adverse selection in credit and insurance markets in developing countries? If you were to recommend ONE policy change to a developing country government to help improve access to credit for poor households, what would it be and why?
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