New financial instruments and the transparency of market information

Janusz Kudła

Ekonomia i Prawo, 2010, vol. 6, issue 1, 199-214

Abstract: Modern financial instruments such as: structured notes, leases (in particular consumer leasing), securitization with the use of special investment funds and exotic foreign exchange derivatives contain an important systemic risk that is not properly perceived by investors and even perhaps is consciously hidden by financial institutions. The article identifies these hidden risk and their reasons, pointing primarily to the asymmetry of information and conflicts of interests between investors and financial institutions.

Keywords: financial instruments; market information; risk; asymmetry of information (search for similar items in EconPapers)
JEL-codes: A (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:cpn:umkeip:v:6:y:2010:i:1:p:199-214

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