Information transmission and the emergence of a peculiar trading facility in certain emerging markets

A peculiar carry over transaction facility has been associated with emerging markets of India and Pakistan. We show that the trading facility can be considered a market response to the information gaps in these markets. Information can be credibly transmitted through this trading facility. Hence, the emergence of such a trading facility is, perhaps, an example of a creative market response to information problems.

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Year of publication:	2010-04-11
Authors:	Siddiqi, Hammad
Institutions:	Volkswirtschaftliche Fakultät, Ludwig-Maximilians-Universität München
Subject:	Information Asymmetry \| Information Transmission \| Emerging Markets \| Perfect Bayesian Equilibria \| Badla Finance

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Extent:	application/pdf
Series:	MPRA Paper.
Type of publication:	Book / Working Paper
Classification:	N20 - Financial Markets and Institutions. General, International, or Comparative ; D82 - Asymmetric and Private Information ; G10 - General Financial Markets. General ; D00 - Microeconomics. General
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008636519