Asimetrik Bilgi- Finansal Kriz İlişkisi

Article Title (2.Language): 

The Relationship Between Asymmetric Information and Financial Crisis

Journal Name: 

Publishing Year: 

  • 2006

Number: 

  • 14

Page Numbers: 

1-24

Article Language: 

  • Türkçe

Author Information: 

Author Name: 

Author's Title: 

  • Araştırma Görevlisi Doktor

Author University: 

Author Faculty: 

Author Department: 

Original Keywords: 

Abstract (Original): 

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.

Abstract (English): 

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.

Key Words (2. Language): 

References: 

Akerlof, George (1970). “The Market for Lemons: Quality, Uncertainity, and the Market Mechanism”, The Quarterly Journal of Economics, Vol.84, No.13, 488-500.
Akerlof, George ve Romer, Paul M. (1993). “Looting: The Economic Underworld of Bankruptcy for Profit”, Brookings Papers on Economic Activity, No.2, 1-73.

PDF File: