|
| |
| Marco Di Maggio |
| |
| ''Information sharing in emerging credit markets'' |
| ( 2007, Vol. 4 No.37 ) |
| |
| |
| This paper examines the lack of information flow in the credit markets of developing countries. We show that the miscoordination among financial intermediaries might explain why lenders don't share their information about the borrowers. The competition effect of more transparency in the market leads to a higher probability of default of the firm, also generating credit rationing. |
| |
| |
| Keywords: Coordination. |
JEL: D8 - Information, Knowledge, and Uncertainty: General
|
| |
| Manuscript Received : Oct 04 2007 | | Manuscript Accepted : Oct 04 2007 |
|
