The development of a sustainable banking system is a precondition for the development of an economy. The fair competition between financial institutions would lead to the efficient use of financial and other economic resources. The purpose of this paper is to extract all prominent factors in the...

Asymmetric information is a relevant concept for studying and understanding financial markets. In this paper we discus the effect of asymmetric information on the borrower–lender relationship. The presence of asymmetric information in financial markets leads to adverse selection, moral hazard,...