Distorsion d'information et concurrence dans les crédits

La Banque Nationale Suisse a publié une étude relative aux échanges d’informations sur le marché du crédit

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We examine how asymmetric information and competition in the credit market affect voluntary information sharing between lenders. We study an experimental credit market in which information sharing can help lenders to distinguish good borrowers from bad ones, because borrowers may exogenously switch locations. Lenders are, however, engaged in spatial competition, and thus may lose market power by sharing information with competitors. Our results suggest that asymmetric information in the credit market increases the frequency of information sharing between lenders significantly. Competition between lenders reduces information sharing, but the impact of competition seems to be only of second order importance

logo PDFCe papier « The Emergence of Information Sharing in Credit Markets » est disponible ici:

Veilleur et spécialiste en cybersécurité

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