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BANKACILIK SEKTÖRÜNDE ASİMETRİK BİLGİ: SORUNLAR VE ÇÖZÜM ÖNERİLERİ

Year 2008, Issue: 20, - , 20.06.2015

Abstract

The theory of markets with asymmetric information has been a vital and lively field of economic research for a long time. The models with imperfect information are the subjects that researchers have been focused on. In this market, banks are the lenders; individuals and firms are the borrowers. Lenders are believed to be not always in a position to know the true state of their borrowers and/or borrowers´ quality of investment projects although lenders would benefit from knowing the true characteristics of borrowers. Asymmetric information in credit markets may lead to market failure and has macro economic effects as a whole. In this study, we explore how asymmetric information and uncertainty can lead to failure in markets and how to overcome these problems

References

  • Acharya, V., I. Hasan ve A. Saunders, ‘The Effects of Focus and Diversification on Bank Risk and Return: Evidence from Individual Bank Loan Portfolios’ mimeo, LBS and NYU, 2001
  • Akerlof, George A. (1970), ‘The market for Lemons: Quality, Uncertainty and the Market Mechanism’, Quarterly Journal of Economics, , 84:480
  • Andersen, Lykke Eg ve Osvaldo Nina, ‘Micro-Credit and Group Lending: The Collateral Effect’, ftp://ftp.econ.au.dk/afn/wp/98/wp98_18.pdf, (01/11/2007)
  • Aras, Güler ve Alövsat Müslümov, ‘Kredi Piyasalarında Asimetrik Bilgi ve Bankacılık Sistemi Üzerindeki Etkileri’, 2. Ulusal Bilgi, Ekonomi ve Yönetim Kongresi Tebliğleri, Oturum V A-Bilgi, Piyasa ve Rekabet, 2003, http://www3.dogus.edu.tr/amuslumov/research/Article/Muslumov%20- %20Asimmetry%20-%20IF%20-%202004.pdf, (6/09/2007)
  • Bernanke, Ben S (Spring 1993), Credit in Macroeconomy, Federal Reserve Bank of NY Quarterly Review, 18: 650-670,
  • Besanko, D. ve Kanatas G. (1993), ‘Credit Market Equilibrium with Bank Monitoring and Moral Hazard’, The Review of Financial Studies, 6: 213-232
  • Bester, H. (Sep., 1985), ‘Screening vs. Rationing in Credit Markets with Imperfect Information’, The American EconomicReview, 75:850-855
  • Broecker, T. (1990), ’Credit-Worthiness Tests and Interbank Competition’, Econometrica, , 58: 429-452,
  • Carlton, D. W. ve Perloff J. M., Modern Industrial Organization, Second Edition, Harper Collins College Publishers, 1994,
  • Chang, Y. T, ‘Relationship Banking in Bilateral Oligopoly and Asymetric Information’, http://www.ios.neu.edu/iioc2003/paper/ychang.pdf, (28/05/2004)
  • Diamond, D. (1984), ‘Financial Intermediation and Delegated Monitoring’, Review of Economic Studies, , 54: 393-414
  • Emmons, W. ve Greenbaum S. (1998), ‘Twin Information Revolutions and the Future of Financial Intermediation’,, in Amihud, Y. and G. Miller, editors, Bank Mergers and Acquisitions, Kluwer Academic Publishers
  • Freimer, M ve Gordon, M. J. (Aug 1965) ‘Why Bankers Ration Credit’, The Quarterly Journal of Economics, Vol. 79: 397-416
  • Freixas, X. ve Rochet J. (1997), ’The Microeconomics of Banking’, MIT Press, Cambridge, MA,
  • Ghatak, M., Morelli M. ve Sjöström T., (Oct. 2002) ‘Credit Rationing, Wealth Inequality, and Allocation of Talent’, http://sticerd.lse.ac.uk/dps/te/te441.pdf, (27/11/2007)
  • Hauswald, R. ve Marquez R., ‘Competition and Strategic Information Acquisition in Credit Markets.’, http://www.rhsmith.umd.edu/finance/rmarquez/screening.pdf, (31/05/2004),
  • Igawa, K. ve Kanatas G., (December 1990) ‘Asymmetric Information, Collateral, and Moral Hazard’, The Journal of Financial and Quantitative Analysis, 25: 469-490
  • Jappelli, T. ve Pagano M., (2002)‘Information Sharing, Lending and Defaults: Cross-Country Evidence’, Journal of Banking and Finance, 26: 2017-2045
  • Koskela, E. ve Stenbacka R., (2002) ‘Agency Cost of Debt and Credit Market Competition: A Bargaining Approach’, (08/07/2004) http://www.valt.helsinki.fi/raka/Rune-debt%20age%2024.pdf,
  • Leland, H. E. ve Payle D. H., (May 1977) ‘Informational Asymmetries, Financial Structure, and Financial Internediation’, The Journal of Finance, 32: 377-383
  • McConnel, C. R. ve Stanley L. B, (1996) ‘Microeconomics’, Thirtheenth Edition, McGraw-Hill Inc
  • Özer, Mustafa, (1999) Finansal Krizler, Piyasa Başarısızlıkları ve Finansal İstikrarı Sağlamaya Yönelik Politikalar, Anadolu Üniversitesi Yayınları; No. 1096, Eskişehir
  • Pagano, M. ve Tullio J., (Dec., 1993) ‘Information Sharing in Credit Markets’, The Journal of Finance, 48:1693-1718
  • Parasız, İ., (1999), Mikro Ekonomi, Ezgi Kitabevi Yayınları, Bursa
  • Perloff, J. M., (2001), Microeconomics, Pearson Education
  • Petersen, M. ve R. Rajan, ‘Does Distance Still Matter? The Information Revolution in Small Business Lending’, (27/11/2007)
  • http://gsbwww.uchicago.edu/fac/raghuram.rajan/research/dist.pdf,
  • Riordan, M. (1993), ‘Competition and Bank Performans: A Theorotical Perspective.’ In Mayer, C. And Vives, X.(eds). Capital Markets and Financial Intermediation, Cambridge: Cambridge University Press,
  • Shaffer, S., (1998), ‘The Winner´s Curse in Banking’, The Journal of Financial Intermediation, 7: 359-392
  • Stiglitz J.E.ve Weiss A., (Jun. 1981), ‘Credit Rationing in Markets with İmperfect Information’, The American Economic Review, 71: 393-410
  • Stiglitz, J. E. ve Weiss, A., (1992) ‘Asymmetric Information in Credit Markets and Its Implications for Macro-Economics’, Oxford Economic Papers, New Serious, 44(4): 694-724
  • Ünsal, E. M, (2000), Mikro İktisat, İmaj Yayıncılık, Ankara,
  • Wang, C. ve Williamson S. D., (Aug. 1998), ‘Debt Contracts and Financial Intermediation with Costly Screening’, The Canadian Journal of Economics, 31: 573-595
  • Wette, H. C., (June 1983), ‘Collateral in Credit Rationing in Markets with Imperfect Information: Note’, American Economic Review, 73: 442-45
  • Wilhelm, W., (2001), ‘The Internet and Financial Market Structure’, Oxford Review of Economic Policy, 17: 235-247
  • http://www.marketwatch.com/news/story/american-home-warns-spreading- subprime-mortgage/story.aspx?guid={2CECF2CE-B6E0-43CC-8D89- 97C1BF952242}, (13/09/2007)

BANKACILIK SEKTÖRÜNDE ASİMETRİK BİLGİ: SORUNLAR VE ÇÖZÜM ÖNERİLERİ

Year 2008, Issue: 20, - , 20.06.2015

Abstract

incelenmektedir. Tam olmayan bilgiye dayalı modeller araştırmacıların yoğunlaştığı alanlardır. Bir çok piyasa gibi kredi piyasalarında da asimetrik bilgi sorununa rastlanmaktadır. Bu piyasada genellikle bankalar kredi arz eden, kişi veya kurumlar ise kredi talep eden konumundadır. Bankaların kredi talebinde bulunan müşterileri veya müşterilerinin yatırım projeleri hakkında her zaman doğru bilgiye sahip olması mümkün değildir. Ancak sahip olmaları durumunda bankaların bu durumdan çok büyük avantaj sağlayacakları da kesindir. Kredi piyasalarında asimetrik bilgi sorunu sonucunda ters seçim ve ahlaki tehlike olmak üzere iki önemli sorun ortaya çıkmaktadır. Bu tür sorunların piyasa aksaklıklarına neden olduğu ve ekonominin işleyişini bozduğu görülmektedir. Bu çalışmada, kredi piyasalarında özellikle bankacılık sektöründe asimetrik bilginin yarattığı ters seçim ve ahlaki tehlike problemleri ve çözüm önerileri detaylı bir literatür taraması yoluyla tartışılmaya çalışılmıştır

References

  • Acharya, V., I. Hasan ve A. Saunders, ‘The Effects of Focus and Diversification on Bank Risk and Return: Evidence from Individual Bank Loan Portfolios’ mimeo, LBS and NYU, 2001
  • Akerlof, George A. (1970), ‘The market for Lemons: Quality, Uncertainty and the Market Mechanism’, Quarterly Journal of Economics, , 84:480
  • Andersen, Lykke Eg ve Osvaldo Nina, ‘Micro-Credit and Group Lending: The Collateral Effect’, ftp://ftp.econ.au.dk/afn/wp/98/wp98_18.pdf, (01/11/2007)
  • Aras, Güler ve Alövsat Müslümov, ‘Kredi Piyasalarında Asimetrik Bilgi ve Bankacılık Sistemi Üzerindeki Etkileri’, 2. Ulusal Bilgi, Ekonomi ve Yönetim Kongresi Tebliğleri, Oturum V A-Bilgi, Piyasa ve Rekabet, 2003, http://www3.dogus.edu.tr/amuslumov/research/Article/Muslumov%20- %20Asimmetry%20-%20IF%20-%202004.pdf, (6/09/2007)
  • Bernanke, Ben S (Spring 1993), Credit in Macroeconomy, Federal Reserve Bank of NY Quarterly Review, 18: 650-670,
  • Besanko, D. ve Kanatas G. (1993), ‘Credit Market Equilibrium with Bank Monitoring and Moral Hazard’, The Review of Financial Studies, 6: 213-232
  • Bester, H. (Sep., 1985), ‘Screening vs. Rationing in Credit Markets with Imperfect Information’, The American EconomicReview, 75:850-855
  • Broecker, T. (1990), ’Credit-Worthiness Tests and Interbank Competition’, Econometrica, , 58: 429-452,
  • Carlton, D. W. ve Perloff J. M., Modern Industrial Organization, Second Edition, Harper Collins College Publishers, 1994,
  • Chang, Y. T, ‘Relationship Banking in Bilateral Oligopoly and Asymetric Information’, http://www.ios.neu.edu/iioc2003/paper/ychang.pdf, (28/05/2004)
  • Diamond, D. (1984), ‘Financial Intermediation and Delegated Monitoring’, Review of Economic Studies, , 54: 393-414
  • Emmons, W. ve Greenbaum S. (1998), ‘Twin Information Revolutions and the Future of Financial Intermediation’,, in Amihud, Y. and G. Miller, editors, Bank Mergers and Acquisitions, Kluwer Academic Publishers
  • Freimer, M ve Gordon, M. J. (Aug 1965) ‘Why Bankers Ration Credit’, The Quarterly Journal of Economics, Vol. 79: 397-416
  • Freixas, X. ve Rochet J. (1997), ’The Microeconomics of Banking’, MIT Press, Cambridge, MA,
  • Ghatak, M., Morelli M. ve Sjöström T., (Oct. 2002) ‘Credit Rationing, Wealth Inequality, and Allocation of Talent’, http://sticerd.lse.ac.uk/dps/te/te441.pdf, (27/11/2007)
  • Hauswald, R. ve Marquez R., ‘Competition and Strategic Information Acquisition in Credit Markets.’, http://www.rhsmith.umd.edu/finance/rmarquez/screening.pdf, (31/05/2004),
  • Igawa, K. ve Kanatas G., (December 1990) ‘Asymmetric Information, Collateral, and Moral Hazard’, The Journal of Financial and Quantitative Analysis, 25: 469-490
  • Jappelli, T. ve Pagano M., (2002)‘Information Sharing, Lending and Defaults: Cross-Country Evidence’, Journal of Banking and Finance, 26: 2017-2045
  • Koskela, E. ve Stenbacka R., (2002) ‘Agency Cost of Debt and Credit Market Competition: A Bargaining Approach’, (08/07/2004) http://www.valt.helsinki.fi/raka/Rune-debt%20age%2024.pdf,
  • Leland, H. E. ve Payle D. H., (May 1977) ‘Informational Asymmetries, Financial Structure, and Financial Internediation’, The Journal of Finance, 32: 377-383
  • McConnel, C. R. ve Stanley L. B, (1996) ‘Microeconomics’, Thirtheenth Edition, McGraw-Hill Inc
  • Özer, Mustafa, (1999) Finansal Krizler, Piyasa Başarısızlıkları ve Finansal İstikrarı Sağlamaya Yönelik Politikalar, Anadolu Üniversitesi Yayınları; No. 1096, Eskişehir
  • Pagano, M. ve Tullio J., (Dec., 1993) ‘Information Sharing in Credit Markets’, The Journal of Finance, 48:1693-1718
  • Parasız, İ., (1999), Mikro Ekonomi, Ezgi Kitabevi Yayınları, Bursa
  • Perloff, J. M., (2001), Microeconomics, Pearson Education
  • Petersen, M. ve R. Rajan, ‘Does Distance Still Matter? The Information Revolution in Small Business Lending’, (27/11/2007)
  • http://gsbwww.uchicago.edu/fac/raghuram.rajan/research/dist.pdf,
  • Riordan, M. (1993), ‘Competition and Bank Performans: A Theorotical Perspective.’ In Mayer, C. And Vives, X.(eds). Capital Markets and Financial Intermediation, Cambridge: Cambridge University Press,
  • Shaffer, S., (1998), ‘The Winner´s Curse in Banking’, The Journal of Financial Intermediation, 7: 359-392
  • Stiglitz J.E.ve Weiss A., (Jun. 1981), ‘Credit Rationing in Markets with İmperfect Information’, The American Economic Review, 71: 393-410
  • Stiglitz, J. E. ve Weiss, A., (1992) ‘Asymmetric Information in Credit Markets and Its Implications for Macro-Economics’, Oxford Economic Papers, New Serious, 44(4): 694-724
  • Ünsal, E. M, (2000), Mikro İktisat, İmaj Yayıncılık, Ankara,
  • Wang, C. ve Williamson S. D., (Aug. 1998), ‘Debt Contracts and Financial Intermediation with Costly Screening’, The Canadian Journal of Economics, 31: 573-595
  • Wette, H. C., (June 1983), ‘Collateral in Credit Rationing in Markets with Imperfect Information: Note’, American Economic Review, 73: 442-45
  • Wilhelm, W., (2001), ‘The Internet and Financial Market Structure’, Oxford Review of Economic Policy, 17: 235-247
  • http://www.marketwatch.com/news/story/american-home-warns-spreading- subprime-mortgage/story.aspx?guid={2CECF2CE-B6E0-43CC-8D89- 97C1BF952242}, (13/09/2007)
There are 36 citations in total.

Details

Primary Language Turkish
Journal Section Articles
Authors

Meltem Erdoğan This is me

Publication Date June 20, 2015
Published in Issue Year 2008 Issue: 20

Cite

APA Erdoğan, M. (2015). BANKACILIK SEKTÖRÜNDE ASİMETRİK BİLGİ: SORUNLAR VE ÇÖZÜM ÖNERİLERİ. Dumlupınar Üniversitesi Sosyal Bilimler Dergisi(20).
AMA Erdoğan M. BANKACILIK SEKTÖRÜNDE ASİMETRİK BİLGİ: SORUNLAR VE ÇÖZÜM ÖNERİLERİ. Dumlupınar Üniversitesi Sosyal Bilimler Dergisi. June 2015;(20).
Chicago Erdoğan, Meltem. “BANKACILIK SEKTÖRÜNDE ASİMETRİK BİLGİ: SORUNLAR VE ÇÖZÜM ÖNERİLERİ”. Dumlupınar Üniversitesi Sosyal Bilimler Dergisi, no. 20 (June 2015).
EndNote Erdoğan M (June 1, 2015) BANKACILIK SEKTÖRÜNDE ASİMETRİK BİLGİ: SORUNLAR VE ÇÖZÜM ÖNERİLERİ. Dumlupınar Üniversitesi Sosyal Bilimler Dergisi 20
IEEE M. Erdoğan, “BANKACILIK SEKTÖRÜNDE ASİMETRİK BİLGİ: SORUNLAR VE ÇÖZÜM ÖNERİLERİ”, Dumlupınar Üniversitesi Sosyal Bilimler Dergisi, no. 20, June 2015.
ISNAD Erdoğan, Meltem. “BANKACILIK SEKTÖRÜNDE ASİMETRİK BİLGİ: SORUNLAR VE ÇÖZÜM ÖNERİLERİ”. Dumlupınar Üniversitesi Sosyal Bilimler Dergisi 20 (June 2015).
JAMA Erdoğan M. BANKACILIK SEKTÖRÜNDE ASİMETRİK BİLGİ: SORUNLAR VE ÇÖZÜM ÖNERİLERİ. Dumlupınar Üniversitesi Sosyal Bilimler Dergisi. 2015.
MLA Erdoğan, Meltem. “BANKACILIK SEKTÖRÜNDE ASİMETRİK BİLGİ: SORUNLAR VE ÇÖZÜM ÖNERİLERİ”. Dumlupınar Üniversitesi Sosyal Bilimler Dergisi, no. 20, 2015.
Vancouver Erdoğan M. BANKACILIK SEKTÖRÜNDE ASİMETRİK BİLGİ: SORUNLAR VE ÇÖZÜM ÖNERİLERİ. Dumlupınar Üniversitesi Sosyal Bilimler Dergisi. 2015(20).

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