TY - BOOK ID - 84540219 TI - Information Asymmetries in Developing Country Financing PY - 1994 SN - 146232374X 1455252522 PB - Washington, D.C. : International Monetary Fund, DB - UniCat KW - Balance of payments KW - Banks KW - Capital flows KW - Capital movements KW - Consumption KW - Criteria for Decision-Making under Risk and Uncertainty KW - Depository Institutions KW - Economics KW - Exports and Imports KW - Finance KW - Finance: General KW - Financial institutions KW - Financial Instruments KW - Financial risk management KW - Financial sector policy and analysis KW - General Financial Markets: Government Policy and Regulation KW - Industries: Financial Services KW - Institutional Investors KW - International economics KW - International Financial Markets KW - International Investment KW - International Lending and Debt Problems KW - International Monetary Arrangements and Institutions KW - Investment & securities KW - Investments: Stocks KW - Loans KW - Long-term Capital Movements KW - Macroeconomics KW - Macroeconomics: Consumption KW - Micro Finance Institutions KW - Moral hazard KW - Mortgages KW - National accounts KW - Non-bank Financial Institutions KW - Pension Funds KW - Public finance & taxation KW - Saving KW - Stocks KW - Tax incentives KW - Taxation KW - Taxation, Subsidies, and Revenue: General KW - Wealth KW - Argentina UR - https://www.unicat.be/uniCat?func=search&query=sysid:84540219 AB - This paper assesses the impact of information asymmetries on developing country financing and considers alternative techniques to reduce the adverse implications of such asymmetries. Following an introduction, Section II examines in general terms the role of information in financial markets and analyzes the incentive and risk sharing properties of alternative financial contracts. Information asymmetries which are present in domestic finance are more prevalent in international finance, in particular in developing country financing. Section III reviews measures aiming to resolve information asymmetries. Borrowing and creditor country regulations and policies, as well as innovative contractual agreements help to resolve a range of issues related to information asymmetries. However, despite their contribution, residual problems remain unresolved. The international financial institutions, and in particular the Fund, have an important role to play in alleviating information asymmetries. ER -