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Financial Crises and Asymmetric Information: Mexican and Asian Crises

Author

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  • Mehmet Mete Karadağ

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.

Suggested Citation

  • Mehmet Mete Karadağ, 2019. "Financial Crises and Asymmetric Information: Mexican and Asian Crises," Journal of Finance Letters (Maliye ve Finans Yazıları), Maliye ve Finans Yazıları Yayıncılık Ltd. Şti., vol. 34(112), pages 119-148, October.
    • Handle: RePEc:acc:malfin:v:34:y:2019:i:112:p:119-148
    DOI: https://doi.org/10.33203/mfy.520519
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    More about this item

    Keywords

    Asymmetric information; adverse selection; moral hazard; financial crises;
    All these keywords.

    JEL classification:

    • G - Financial Economics
    • G01 - Financial Economics - - General - - - Financial Crises
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages

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