ASİMETRİK BİLGİ - FİNANSAL KRİZ İLİŞKİSİ

Year 2006, Issue: 14, - , 20.06.2015

Ali Şen

Abstract

Bu çalışma, asimetrik bilgi hakkındaki yeni literatürü kullanarak finansal krizlerin analizini sağlar. Bu çalışma, asimetrik bilgi literatürünün, finansal krizlerin anlaşılmasına nasıl yardımcı olduğunu da açıklar. Ayrıca finansal krizlerden önemli bir ders çıkarır: Gelişmekte olan ülkelerdeki finansal krizlerin dinamikleri, gelişmiş ülkelerdekinden farklıdır. Ve bu çalışma, uluslararası son kredi borç merciinin finansal krizlerin çözümünde önemli bir rol oynayabileceğini iddia etmektedir

Keywords

finansal krizler, asimetrik bilgi, ters seçim, ahlaki riziko, son kredi borç mercii

ASİMETRİK BİLGİ - FİNANSAL KRİZ İLİŞKİSİ

Abstract

This paper provides the analysis of financial crisis using the new literature on asymmetric information. It explains how asymmetric information literature helps to understand financial crisis. The paper also draws an important lesson from financial crisis: The dynamics of financial crisis in developing countries differ from those in developed countries because institutional features of their financial markets differ. Thus, different policies are needed to recover from financial crisis in developing countries than those in developed countries. The paper, also argues that an international lender of last resort can play an important role in recovering from financial crisis

Keywords

financial crises, asymmetric information, adverse selection, moral hazard, lender of last resort

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