Making Sense of the Global Financial Market: 'Trust Conspiracy Theories'

IPP Review, April 2016

5 Pages Posted: 18 Aug 2018

See all articles by Jang-Sup Shin

Jang-Sup Shin

National University of Singapore

Date Written: April 30, 2016

Abstract

The most crucial fact about the financial market is that finance is an information industry and asymmetry is a prevalent characteristic of information. Information is unevenly distributed, and the more valuable the pieces of information, the more unevenly they are distributed. This inherent information asymmetry is often ignored, as financial market regulations ostensibly aim at creating a perfectly competitive environment and providing participants with level playing fields by making “equal” information accessible. This paper argue that this information asymmetry wide open a room for conspiracies and this forms a basis of so many "wrong predictions" based on "fundamentals" in the global financial market.

Keywords: Global Financial Market, Conspiracy Theory, Information Asymmetry

Suggested Citation

Shin, Jang-Sup, Making Sense of the Global Financial Market: 'Trust Conspiracy Theories' (April 30, 2016). IPP Review, April 2016, Available at SSRN: https://ssrn.com/abstract=3226162

Jang-Sup Shin (Contact Author)

National University of Singapore ( email )

Singapore
Singapore

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