Information asymmetries and moral hazards in financal activities: problems and ways of overcoming
DOI:
https://doi.org/10.15587/2313-8416.2015.38850Keywords:
information asymmetry, moral hazard, transparency, information, financial activities, financial sectorAbstract
This article explores the nature and problems of information asymmetry in financial activities. The influence of moral hazard on the functioning of financial corporations in the world is determined. The current problems of national public finances related to rescue financial corporations in crisis and post-crisis periods are analyzed. The measures to ensure transparency of financial activities are proposed
References
Boyd, J. H., Prescott, E. C. (1986). Financial Intermediary-Coalitions. Journal of Economic Theory, 38, 211–232. doi: 10.1016/0022-0531(86)90115-8
Rajan, U., Seru, A., Vig, V. (2008). The Failure of Models that Predict Failure: Distance, Incentives and Defaults. Chicago GSB Research Paper, 8, 45–62.
Fischer, S. The Importance of Financial Markets in Economic Growth. Available at: http://www iie.com/fischer/pdf/fischer081103.pdf
Stiglitz, J. (2008). Markets Can’t Rule Themselves. Newsweek. Available at: http://www.newsweek.com/markets-cant-rule-themselves-82951
Korneev, V. V. (2009). Behavioral finance and investment in the ekspolar economy. Economics, 3, 40–49.
Kovalenko, Yu. M. (2013). Institutionalization of financial sector. Irpin, NUDPSU, 608.
Interview with Eugene Fama: Rational Irrationality (2010). The New Yorker. Available at: newyorker.com/online/blogs/johncassidy/2010/01/interview-with-eugene-fama.html
The Federal Deposit Insurance Corporation. Available at: http://www2.fdic.gov
The Organization for Economic Co-operation and Development (OECD). Available at: http://www:oecd.org
Economic truth. Available at: http://www.epravda.com.ua
On Amending Certain Laws of Ukraine on regulation of banks: the Law of Ukraine from 15.02.11 № 3024-VI. Available at: http://www zakon.nau.ua/doc/?Code=3024-17
On the System of Deposit Guarantee: the Law of Ukraine from 23.02.12 № 4452-VI. Available at: http://www:zakon2.rada.gov.ua/laws/show/4452-17
On approval of the concept of disclosure in the stock market. Resolution NSSMC from 26.04.12 № 645. Available at: http://www:search.ligazakon.ua/l_doc2.nsf/link1/KL121061.html
Securities Ukraine. Available at: http://www:securities.org.ua
Downloads
Published
Issue
Section
License
Copyright (c) 2015 Юлія Михайлівна Коваленко
This work is licensed under a Creative Commons Attribution 4.0 International License.
Our journal abides by the Creative Commons CC BY copyright rights and permissions for open access journals.
Authors, who are published in this journal, agree to the following conditions:
1. The authors reserve the right to authorship of the work and pass the first publication right of this work to the journal under the terms of a Creative Commons CC BY, which allows others to freely distribute the published research with the obligatory reference to the authors of the original work and the first publication of the work in this journal.
2. The authors have the right to conclude separate supplement agreements that relate to non-exclusive work distribution in the form in which it has been published by the journal (for example, to upload the work to the online storage of the journal or publish it as part of a monograph), provided that the reference to the first publication of the work in this journal is included.
