Trade with asymmetric information
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Date
2014
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
Banco Central de Chile
Abstract
Description
Events in financial markets before and during the crisis of late 2008 have stimulated renewed interest in modeling trade with asymmetric information. Robert Shimer’s contribution to this volume joins the literature focusing on trade in securities that are claims on mortgages where issuers of the securities had in some important cases superior information over investors about the probability distribution of payoffs from the mortgages.
Keywords
MERCADO FINANCIERO, CRISIS ECONÓMICA 2008, CRISIS FINANCIERA