Adverse selection on credit markets: the analysis of the empirical research results

Viktor V. Dengov, Ekaterina P. Melnikova

Research output: Chapter in Book/Report/Conference proceedingConference contributionResearchpeer-review

Abstract

An intensive development of world economics over the past few decades has led to the creation of a plenty of models describing such phenomenon as adverse selection. However, there is a certain lack of practical research (especially in the credit markets), that can empirically confirm, or, vice versa, refuse the hypotheses and conclusions based on theoretical models. In this paper the comparative analysis of the results of several experimental studies devoted to this phenomenon on the credit card market is carried out. The U.S. credit card market was amongst the subjects of research. In the conclusive part the empirical research of adverse selection in the credit market in Russia during the recent global financial crisis is carried out.
Original languageEnglish
Title of host publicationHow Does the Central and Eastern Europe Cope up with the Global Financial Crisis?
Subtitle of host publicationconference proceedings: 7th international conference on currency, banking and international finance. 27 and 28 September 2012
EditorsJ Kotlebova
PublisherEKONOM
Pages38-52
Number of pages15
ISBN (Print)978-80-225-3494-9
StatePublished - 2012
Event7th International Conference on Currency, Banking and International Finance - How Does Central and Eastern Europe Cope up with the Global Financial Crisis? - Bratislava, Slovakia
Duration: 27 Sep 201228 Sep 2012

Conference

Conference7th International Conference on Currency, Banking and International Finance - How Does Central and Eastern Europe Cope up with the Global Financial Crisis?
CountrySlovakia
CityBratislava
Period27/09/1228/09/12

Keywords

  • adverse selection
  • credit card
  • global financial crisis

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