The effect of asymmetric information on turkish banking sector and credit markets
AuthorOkuyan, Hasan Aydın
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Asymmetric information is a factor that decreases the efficiency of markets. The aim of the study is to expose whether asymmetric information causes problems in credit markets. The monthly data between 1986:01-2010:12 is analyzed with the causality tests (Toda ve Yamamoto ) to examine the relationship between the bad credits ratio and total credits ratio. According to the causality tests a unidirectional causality which is explained by the existence of credit rationig problems.