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