The analysis of how asymmetric information problems can generate an adverse selection and moral hazard problems are call
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The analysis of how asymmetric information problems can generate an adverse selection and moral hazard problems are call
The analysis of how asymmetric information problems can generatean adverse selection and moral hazard problems are called agencytheory in the academic finance literature. Agency theory providesthe basis for defining a financial crisis. Contrast the dynamics offinancial crises in advanced economies and in emerging countries onhow these financial crises unfold over time (6marks)