Information Asymmetries, Credit Rationing And Banking Concentration: The Argentinean Case
AbstractThis paper highlights the importance of the information efficiency in the banking sector as a way to ensure his correct operation as financial intermediary and the correct functioning of the economy in general. The problems of information in the banks distort their relation with the financing demand and especially with the sector of the SMEs, what really means an important obstacle for the smooth operation of any market system. The analysis is centred in the relative size of the financial institutions, the generation of different types of information and the way how it affects the sector of the SMEs. By means of empirical evidence we will show how the greater size of the banks has influence on the creation of information systems that are not well adapted for some segments of the demand or even they do not generate information at all.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 10208.
Date of creation: Sep 2007
Date of revision:
INFORMATION ASYMMETRIES; CREDIT RATIONING; BANKING CONCENTRATION; ARGENTINEAN CASE; MARTIN ARROYO; CIFF; MASTER FINANCE BANKING; MADRID; SPAIN; SME FINANCING; INFORMATION EFFICIENCY; ARGENTINA;
Find related papers by JEL classification:
- G14 - Financial Economics - - General Financial Markets - - - Information and Market Efficiency; Event Studies; Insider Trading
- O16 - Economic Development, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
- D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design
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