Abstract
The article examines the features of the impact of information asymmetry on the key participants of the market of non-banking financial services in Ukraine. It defines the basic reasons of its existence on the market. The analysis of the consequences of information asymmetry for the functioning of non-banking financial services in Ukraine shows that it creates the conditions for opportunistic behavior and leads to adverse selection and moral hazard on the market. Based on the research of existing methods and approaches to the reduction of information asymmetries the paper offers recommendations to overcome this problem on the market of non-banking financial services in Ukraine
Highlights
The market is not always able to provide an efficient allocation of resources and to produce the required quantity of benefits
Information asymmetry leads to inefficiency of the market mechanism, which in turn can lead to economic crisis
One of them is information asymmetry - a situation where one part of economic players has a bigger volume of information than other economic players
Summary
The market is not always able to provide an efficient allocation of resources and to produce the required quantity of benefits. It is important to study the nature, causes and consequences of information asymmetries and to find methods to minimize it on the market for non-banking financial services in Ukraine.
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