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THE SECOND-GENERATION INFORMATIONAL PROBLEM IN THE FINANCIAL MARKETS

Ekonomia i Prawo. Economics and Law

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Title Statement THE SECOND-GENERATION INFORMATIONAL PROBLEM IN THE FINANCIAL MARKETS
 
Added Entry - Uncontrolled Name Glanc, Jadwiga; Jagiellonian University
Osiewacz, Piotr; Jagiellonian University
 
Uncontrolled Index Term financial markets; financial crises; sources of market information; financial media
G01; G14; G15; G28; G65
 
Summary, etc. This article deals with a new informational problem in the financial markets and shows how increasing reliance on standardized sources of information (rating agencies, financial media, journals etc.) can potentially lead to crises. It examines the way in which the problem of information on the markets has changed — partly as a result of current legal frames on disclosure and information obligation. Furthermore, it links the phenomenon of increasing reliance on information sources to the current problems and deficiencies of investment decisions. The analysis examines the standard legal responses of the financial markets in order to search for a viable solution to the problem of market deficiencies in this regard. Attention is drawn to a serious flaw in the financial markets and to an increasing shift of power towards private information-supplying entities, all of which could lead to disruptions of financial stability in the future.
 
Publication, Distribution, Etc. Uniwersytet Mikołaja Kopernika w Toruniu
2015-09-30 00:00:00
 
Electronic Location and Access application/pdf
http://www.apcz.pl/czasopisma/index.php/EiP/article/view/EiP.2015.022
 
Data Source Entry Ekonomia i Prawo. Economics and Law; Vol 14, No 3 (2015)
 
Language Note en
 
Terms Governing Use and Reproduction Note Copyright (c) 2016 Ekonomia i Prawo. Economics and Law