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Asymmetric Information As A Market Failure: Some Remarks For Banking System Of Oecd Countries

Author

Listed:
  • Özkan Zülfo?lu

    (Marmara Üniversitesi)

Abstract

This paper examines the nature of banking system using the literature on market failures and asymmetric information. After describing banking system structure and asymmetric information on banking system, the paper tries to determine the quality of banking system in OECD countries. Asymmetric information creates adverse selection and moral hazard problems in the banking sector. The asymmetric information approach explains the patterns in crises which effects global economy. The main purpose of this paper is to analyze moral hazard, adverse selection problems in banking sector of OECD countries after 2010 period. Thus paper aims to find out relationship between asymmetric information in banking sector and financial crises.

Suggested Citation

  • Özkan Zülfo?lu, 2015. "Asymmetric Information As A Market Failure: Some Remarks For Banking System Of Oecd Countries," Proceedings of International Academic Conferences 3105260, International Institute of Social and Economic Sciences.
    • Handle: RePEc:sek:iacpro:3105260
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    File URL: https://iises.net/proceedings/20th-international-academic-conference-madrid/table-of-content/detail?cid=31&iid=103&rid=5260
    File Function: First version, 2015
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    More about this item

    Keywords

    Asymmetric Informtion; Banking System; Financial Crisis;
    All these keywords.

    JEL classification:

    • F65 - International Economics - - Economic Impacts of Globalization - - - Finance
    • G01 - Financial Economics - - General - - - Financial Crises
    • G18 - Financial Economics - - General Financial Markets - - - Government Policy and Regulation

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