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Information, Markets, and the Macroeconomy

Project description

Shrinking information asymmetry in financial transactions

Information is power in financial markets. However, almost all economic transactions involve some degree of information failure, also known as information asymmetry. This is when not all parties involved in an economic transaction possess the same amount of knowledge. While this is not a new concept for economics, little is known about the actual economic conditions that may foster such information asymmetries. The EU-funded INFOMAK project will fill this knowledge gap. It will develop macroeconomic frameworks in which the degree of information asymmetries and the quality of assets are endogenously determined by agents’ decisions to trade in opaque markets or produce complex financial products. In the end, the project will identify the drivers of asset quality and complexity.

Call for proposal

ERC-2020-STG
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Host institution

Centre de Recerca en Economia Internacional (CREI)
Address
Ramon Trias Fargas 25/27
08005 Barcelona
Spain
Activity type
Research Organisations
EU contribution
€ 767 500

Beneficiaries (1)

Centre de Recerca en Economia Internacional (CREI)
Spain
EU contribution
€ 767 500
Address
Ramon Trias Fargas 25/27
08005 Barcelona
Activity type
Research Organisations