【正文】
22 Pearson Education Canada Inc. 811 Summary: Asymmetric Information Problems and Tools to Solve Them 169。 2022 Pearson Education Canada Inc. 812 Financial Development and Economic Growth Financial Repression Leads to Low Growth: Why? 1. Poor legal system 2. Weak accounting standards 3. Government directs credit 4. Financial institutions nationalized 5. Inadequate government regulation 169。 2022 Pearson Education Canada Inc. 813 Financial Crises Factors Causing Financial Crises 1. Increase in interest rates 2. Increases in uncertainty 3. Asset market effects on balance sheets Stock market effects on worth Unanticipated deflation Cash flow effects 4. Bank panics 5. Government fiscal imbalances 169。 2022 Pearson Education Canada Inc. 814 Events in Financial Crises in Canada 169。 2022 Pearson Education Canada Inc. 815 Events in Mexican, East Asian, and Argentine Financial Crises