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Information sharing in emerging credit markets

Author

Listed:
  • Marco Di Maggio

    (University of Chicago Graduate School of Business)

Abstract

This paper examines the lack of information flow in the credit markets of developing countries. We show that the miscoordination among financial intermediaries might explain why lenders don't share their information about the borrowers. The competition effect of more transparency in the market leads to a higher probability of default of the firm, also generating credit rationing.

Suggested Citation

  • Marco Di Maggio, 2007. "Information sharing in emerging credit markets," Economics Bulletin, AccessEcon, vol. 4(37), pages 1-7.
    • Handle: RePEc:ebl:ecbull:eb-07d80008
    as

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    References listed on IDEAS

    as
    1. Pagano, Marco & Jappelli, Tullio, 1993. "Information Sharing in Credit Markets," Journal of Finance, American Finance Association, vol. 48(5), pages 1693-1718, December.
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    3. Tullio Jappelli & Marco Pagano, 2000. "Information Sharing in Credit Markets: A Survey," CSEF Working Papers 36, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy.
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    5. Parikshit Ghosh & Debraj Ray, 2016. "Information and Enforcement in Informal Credit Markets," Economica, London School of Economics and Political Science, vol. 83(329), pages 59-90, January.
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    More about this item

    Keywords

    Coordination.;

    JEL classification:

    • D8 - Microeconomics - - Information, Knowledge, and Uncertainty
    • C7 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory

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