Argentina. We study in particular how banks use different pieces of private and public information to screen firms and overcome … informational asymmetries in the credit market. Some private information is transferable, like balance sheet data. Private … information generated in relationships is not. To capture the closeness of bank relationships, we resort to the concentration of …

The aim of this paper is to evaluate to what extent more transparency can reduce the occurrence of speculative attacks …. It proposes a survey of the literature about the pros and cons of transparency on the exchange rate market, which is one … of the main pillars of the new international financial architecture. The effects of transparency are shown to be …