Why do loan sharks worry less about moral hazard in connections with their borrowers than some other

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Why do loan sharks worry less about moral hazard in connections with their borrowers than some other lenders do?

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Economics of Money, Banking and Financial Markets

ISBN: 978-0321598905

9th Edition

Authors: Frederic S. Mishkin

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Question Posted: Aug 12, 2012 04:13 AM

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Why do loan sharks worry less about moral hazard in connections with their borrowers than some other

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Loan Sharks are the money lender in the market which offers loans at the highe...View the full answer

Economics of Money, Banking and Financial Markets

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