Financial Crises and Asymmetric Information: Mexican and Asian Crises

Mehmet Mete Karadağ

Journal of Finance Letters (Maliye ve Finans Yazıları), 2019, vol. 34, issue 112, 119-148

Abstract: The problems arising from asymmetric information in financialmarkets prevent the efficient functioning of these markets and preventfinancial markets from transferring funds to the most efficient investmentprojects. The existence of asymmetric information, which negatively affects the efficiency and productivity of both financial and non-financialinstitutions, is an important factor in economic failures and financialcrises.in this study, the concept of asymmetric information will be discussed.asymmetric information factor in financial crises and its role incrises will be evaluated. 1994 mexico and 1997 asian crises will beanalyzed in terms of asymmetric information.

Keywords: Asymmetric information; adverse selection; moral hazard; financial crises (search for similar items in EconPapers)
JEL-codes: G G01 G21 (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:acc:malfin:v:34:y:2019:i:112:p:119-148

DOI: 10.33203/mfy.520519

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