Information Asymmetries In Developing Country Financing

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Information Asymmetries in Developing Country Financing

Author : Mr.George C. Anayotos
Publisher : International Monetary Fund
ISBN 13 : 1451955782
Total Pages : 28 pages
Book Rating : 4.4/5 (519 download)

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Book Synopsis Information Asymmetries in Developing Country Financing by : Mr.George C. Anayotos

Download or read book Information Asymmetries in Developing Country Financing written by Mr.George C. Anayotos and published by International Monetary Fund. This book was released on 1994-07-01 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper assesses the impact of information asymmetries on developing country financing and considers alternative techniques to reduce the adverse implications of such asymmetries. Following an introduction, Section II examines in general terms the role of information in financial markets and analyzes the incentive and risk sharing properties of alternative financial contracts. Information asymmetries which are present in domestic finance are more prevalent in international finance, in particular in developing country financing. Section III reviews measures aiming to resolve information asymmetries. Borrowing and creditor country regulations and policies, as well as innovative contractual agreements help to resolve a range of issues related to information asymmetries. However, despite their contribution, residual problems remain unresolved. The international financial institutions, and in particular the Fund, have an important role to play in alleviating information asymmetries.

Information Asymmetries in Developing Country Financing

Author : George Anayiotos
Publisher :
ISBN 13 :
Total Pages : 28 pages
Book Rating : 4.:/5 (129 download)

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Book Synopsis Information Asymmetries in Developing Country Financing by : George Anayiotos

Download or read book Information Asymmetries in Developing Country Financing written by George Anayiotos and published by . This book was released on 2006 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper assesses the impact of information asymmetries on developing country financing and considers alternative techniques to reduce the adverse implications of such asymmetries. Following an introduction, Section II examines in general terms the role of information in financial markets and analyzes the incentive and risk sharing properties of alternative financial contracts. Information asymmetries which are present in domestic finance are more prevalent in international finance, in particular in developing country financing. Section III reviews measures aiming to resolve information asymmetries. Borrowing and creditor country regulations and policies, as well as innovative contractual agreements help to resolve a range of issues related to information asymmetries. However, despite their contribution, residual problems remain unresolved. The international financial institutions, and in particular the Fund, have an important role to play in alleviating information asymmetries.

Information Asymmetries in Developing Country Financing

Author : George C. Anayiotos
Publisher :
ISBN 13 :
Total Pages : 19 pages
Book Rating : 4.:/5 (113 download)

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Book Synopsis Information Asymmetries in Developing Country Financing by : George C. Anayiotos

Download or read book Information Asymmetries in Developing Country Financing written by George C. Anayiotos and published by . This book was released on 1994 with total page 19 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Contemporary Issues in Development Finance

Author : Joshua Yindenaba Abor
Publisher : Routledge
ISBN 13 : 0429835256
Total Pages : 461 pages
Book Rating : 4.4/5 (298 download)

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Book Synopsis Contemporary Issues in Development Finance by : Joshua Yindenaba Abor

Download or read book Contemporary Issues in Development Finance written by Joshua Yindenaba Abor and published by Routledge. This book was released on 2020-12-29 with total page 461 pages. Available in PDF, EPUB and Kindle. Book excerpt: Contemporary Issues in Development Finance provides comprehensive and up-to-date coverage of theoretical and policy issues in development finance from both the domestic and the external finance perspectives and emphasizes addressing the gaps in financial markets. The chapters cover topical issues such as microfinance, private sector financing, aid, FDI, remittances, sovereign wealth, trade finance, and the sectoral financing of agricultural and infrastructural projects. Readers will acquire both breadth and depth of knowledge in critical and contemporary issues in development finance from a philosophical and yet pragmatic development impact approach. The text ensures this by carefully integrating the relevant theoretical underpinnings, empirical assessments, and practical policy issues into its analysis. The work is designed to be fully accessible to practitioners with only a limited theoretical economic background, allowing them to deeply engage with the book as useful reference material. Readers may find more advanced information and technical details provided in clear, concise boxes throughout the text. Finally, each chapter is fully supported by a set of review questions and by cases and examples from developing countries, particularly those in Africa. This book is a valuable resource for both development finance researchers and students taking courses in development finance, development economics, international finance, financial development policy, and economic policy management. Practitioners will find the development impact, policy, and conceptual analysis dimensions insightful analysing and designing intervention strategies.

Asymmetric Information in Financial Markets

Author : Ricardo N. Bebczuk
Publisher : Cambridge University Press
ISBN 13 : 9780521797320
Total Pages : 176 pages
Book Rating : 4.7/5 (973 download)

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Book Synopsis Asymmetric Information in Financial Markets by : Ricardo N. Bebczuk

Download or read book Asymmetric Information in Financial Markets written by Ricardo N. Bebczuk and published by Cambridge University Press. This book was released on 2003-08-21 with total page 176 pages. Available in PDF, EPUB and Kindle. Book excerpt: Asymmetric information (the fact that borrowers have better information than their lenders) and its theoretical and practical evidence now forms part of the basic tool kit of every financial economist. It is a phenomenon that has major implications for a number of economic and financial issues ranging from both micro and macroeconomic level - corporate debt, investment and dividend policies, the depth and duration of business cycles, the rate of long term economic growth - to the origin of financial and international crises. Asymmetric Information in Financial Markets aims to explain this concept in an accessible way, without jargon and by reducing mathematical complexity. Using elementary algebra and statistics, graphs, and convincing real-world evidence, the author explores the foundations of the problems posed by asymmetries of information in a refreshingly accessible and intuitive way.

Finance and Economic Development

Author : Asl? Demirgüç-Kunt
Publisher : World Bank Publications
ISBN 13 :
Total Pages : 55 pages
Book Rating : 4./5 ( download)

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Book Synopsis Finance and Economic Development by : Asl? Demirgüç-Kunt

Download or read book Finance and Economic Development written by Asl? Demirgüç-Kunt and published by World Bank Publications. This book was released on 2006 with total page 55 pages. Available in PDF, EPUB and Kindle. Book excerpt: " The empirical literature on finance and development suggests that countries with better developed financial systems experience faster economic growth. Financial development-as captured by size, depth, efficiency, and reach of financial systems-varies sharply around the world, with large differences among countries at similar levels of income. This paper argues that governments play an important role in building effective financial systems and discusses different policy options to make finance work for development."--World Bank web site.

Finance and Development

Author : Christopher J. Green
Publisher : Edward Elgar Publishing
ISBN 13 : 1845424603
Total Pages : 465 pages
Book Rating : 4.8/5 (454 download)

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Book Synopsis Finance and Development by : Christopher J. Green

Download or read book Finance and Development written by Christopher J. Green and published by Edward Elgar Publishing. This book was released on 2006-01-01 with total page 465 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this new book a group of 18 distinguished authors presents comprehensive surveys of current issues in the field of finance and development. . . This book nicely bridges the gap between general research on the role of finance for economic growth and the role finance plays for developing economies and poverty reduction. . . Moreover, the authors identify a great number of promising ideas for future research. . . Ryszard Kokoszczynski, SUERF Newsletter The European Money & Finance Forum In the last two decades, the role of finance in the development process has become a major topic of research and debate. Although it is widely agreed that there is an important link between the two, there is much less consensus on the exact nature of the relationship. Is financial development a prerequisite for general economic development, or is it a more passive by-product of the development process? In this valuable new book, a distinguished group of authors takes stock of the existing state of knowledge in the field of finance and the development process. Each chapter offers a comprehensive survey and synthesis of current issues. These include such critical subjects as savings, financial markets and the macroeconomy, stock market development, financial regulation, foreign investment and aid, financing livelihoods, microfinance, rural financial markets, small and medium enterprises, corporate finance and banking. This book will be accessible to postgraduate and advanced undergraduate students of finance and development. It will also be an essential reference source for all professionals and academics working in this area who want to learn how finance can contribute to the development process and poverty reduction.

developing country capital structures and emerging stock markets

Author : Aslı Demirgüç-Kunt
Publisher : World Bank Publications
ISBN 13 :
Total Pages : 44 pages
Book Rating : 4./5 ( download)

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Book Synopsis developing country capital structures and emerging stock markets by : Aslı Demirgüç-Kunt

Download or read book developing country capital structures and emerging stock markets written by Aslı Demirgüç-Kunt and published by World Bank Publications. This book was released on 1992 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: Are debt and equity finance complements or substitutes? Probably complements, which means that the existence of active stock markets should increase the volume of business for financial intermediaries.

Policy Uncertainty, Information Asymmetries and Financial Intermediation

Author :
Publisher : World Bank Publications
ISBN 13 :
Total Pages : 31 pages
Book Rating : 4./5 ( download)

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Book Synopsis Policy Uncertainty, Information Asymmetries and Financial Intermediation by :

Download or read book Policy Uncertainty, Information Asymmetries and Financial Intermediation written by and published by World Bank Publications. This book was released on with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Financial Development and Economic Growth

Author : Niels Hermes
Publisher : Psychology Press
ISBN 13 : 0415133920
Total Pages : 382 pages
Book Rating : 4.4/5 (151 download)

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Book Synopsis Financial Development and Economic Growth by : Niels Hermes

Download or read book Financial Development and Economic Growth written by Niels Hermes and published by Psychology Press. This book was released on 1996 with total page 382 pages. Available in PDF, EPUB and Kindle. Book excerpt: This work contains original contributions on the theory of the relationship between financial development and economic growth.

Asymmetric Information and the Market Structure of the Banking Industry

Author : Mr.Giovanni Dell'Ariccia
Publisher : International Monetary Fund
ISBN 13 : 145195154X
Total Pages : 32 pages
Book Rating : 4.4/5 (519 download)

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Book Synopsis Asymmetric Information and the Market Structure of the Banking Industry by : Mr.Giovanni Dell'Ariccia

Download or read book Asymmetric Information and the Market Structure of the Banking Industry written by Mr.Giovanni Dell'Ariccia and published by International Monetary Fund. This book was released on 1998-06-01 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: The paper analyzes the effects of informational asymmetries on the market structure of the banking industry in a multi-period model of spatial competition. All lenders face uncertainty with regard to borrowers’ creditworthiness, but, in the process of lending, incumbent banks gather proprietary information about their clients, acquiring an advantage over potential entrants. These informational asymmetries are an important determinant of the industry structure and may represent a barrier to entry for new banks. The paper shows that, in contrast with traditional models of horizontal differentiation, the steady-state equilibrium is characterized by a finite number of banks even in the absence of fixed costs.

Creating an Efficient Financial System

Author : Thorsten Beck
Publisher : World Bank Publications
ISBN 13 :
Total Pages : 43 pages
Book Rating : 4./5 ( download)

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Book Synopsis Creating an Efficient Financial System by : Thorsten Beck

Download or read book Creating an Efficient Financial System written by Thorsten Beck and published by World Bank Publications. This book was released on 2006 with total page 43 pages. Available in PDF, EPUB and Kindle. Book excerpt: Financial sector development fosters economic growth and reduces poverty by widening and broadening access to finance and allocating society's savings more efficiently. The author first discusses three pillars on which sound and efficient financial systems are built: macroeconomic stability and effective and reliable contractual and informational frameworks. He then describes three different approaches to government involvement in the financial sector: the laissez-faire view, the market-failure view and the market-enabling view. Finally, the author analyzes the sequencing of financial sector reforms and discusses the benefits and challenges that emerging markets face when opening their financial systems to international capital markets.

Debt and Adjustment in the World Economy

Author : Rob (Senior Lecturer Vos
Publisher : MacMillan
ISBN 13 : 9780333625064
Total Pages : 380 pages
Book Rating : 4.6/5 (25 download)

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Book Synopsis Debt and Adjustment in the World Economy by : Rob (Senior Lecturer Vos

Download or read book Debt and Adjustment in the World Economy written by Rob (Senior Lecturer Vos and published by MacMillan. This book was released on 1994 with total page 380 pages. Available in PDF, EPUB and Kindle. Book excerpt: For instance, a doubling of aid flows may either benefit or be disadvantageous to the developing countries depending on the way this increase is financed. Additional public borrowing will push up global interest rates and affect economic growth in the North, thereby increasing the debt-service burden and lowering export earnings of the South. Tax-financing or public expenditure reductions could mitigate such potential negative side effects of enhanced aid flows. This study not only makes overly clear that a global framework is needed to assess the contribution of external financial resources for development, it provides one as well.

Financing Infrastructure in Developing Countries

Author : Barry J. Eichengreen
Publisher : World Bank Publications
ISBN 13 :
Total Pages : 54 pages
Book Rating : 4./5 ( download)

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Book Synopsis Financing Infrastructure in Developing Countries by : Barry J. Eichengreen

Download or read book Financing Infrastructure in Developing Countries written by Barry J. Eichengreen and published by World Bank Publications. This book was released on 1994 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Loan Processing Costs and Information Asymmetries

Author : Salvatore Capasso
Publisher :
ISBN 13 : 9789291905546
Total Pages : 20 pages
Book Rating : 4.9/5 (55 download)

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Book Synopsis Loan Processing Costs and Information Asymmetries by : Salvatore Capasso

Download or read book Loan Processing Costs and Information Asymmetries written by Salvatore Capasso and published by . This book was released on 2003 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt:

International Asymmetries and the Design of the International Financial System

Author : José Antonio Ocampo
Publisher : Santiago, Chile : Naciones Unidas
ISBN 13 :
Total Pages : 44 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis International Asymmetries and the Design of the International Financial System by : José Antonio Ocampo

Download or read book International Asymmetries and the Design of the International Financial System written by José Antonio Ocampo and published by Santiago, Chile : Naciones Unidas. This book was released on 2001 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: The paper argues that the design of the international financial system should take into consideration three problems: financial market instability; basic macroeconomic and financial asymmetries which characterise the international economy; and the additional problems generated by the current globalization process. A distinction is drawn between systemic issues, and centre-periphery issues. Based on this distinction, the paper proposed a broad agenda which relates both to the organisational structure of international financial institutions, and the services provided by them.

The Role of Law and Regulation in Sustaining Financial Markets

Author : Niels Philipsen
Publisher : Routledge
ISBN 13 : 131775039X
Total Pages : 368 pages
Book Rating : 4.3/5 (177 download)

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Book Synopsis The Role of Law and Regulation in Sustaining Financial Markets by : Niels Philipsen

Download or read book The Role of Law and Regulation in Sustaining Financial Markets written by Niels Philipsen and published by Routledge. This book was released on 2014-11-13 with total page 368 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book explores the role of law and regulation in sustaining financial markets in both developed and developing countries, particularly the European Union, United States and China. The central argument of this book is that law matters for the operation of financial markets, which, in turn, significantly influences the performance of firms, industries, and economies. The Role of Law and Regulation in Sustaining Financial Markets is divided into four parts. Part one addresses the connection between law, financial development, and economic growth. Part two deals with the role of financial regulation, which can be used to correct market failures, such as negative externalities, information asymmetries, and monopolies. Part three focuses on the design, functioning, and performance of different financial instruments. Part four examines the topic of Corporate Social Responsibility. This book contributes to the ‘law and finance’ literature by studying certain conventional issues, such as the relationship between finance and economic growth, and the effects of regulatory quality on financial development, from new perspectives and/or with new evidence, data, and cases. It also explores novel topics, such as project finance contracts, insurance and climate change, the shadow banking system, that have been overlooked in current literature. This book is meaningful not only for the EU and the US, which have suffered considerably from the financial crisis of 2008, but also for China, which is struggling to build a sound institutional infrastructure to govern its increasingly complicated financial system. By comparing the regulatory philosophies and practices of the EU, the US and China, this book will help the reader to understand the diverse nature of the global ‘law and finance’ nexus and avoid succumbing to the myth of "one size fits all".