El rol de la asimetría de la información en la relación entre créditos y depósitos en bancos privados con el crecimiento económico del Ecuador, período 2011 a 2019.

Abstract

At the end of the 90s and early 2000s, the Ecuadorian financial system underwent major transformations as a result of the bankruptcy of more than 20 banks of different sizes, which caused the restriction on the return of deposits from the public and therefore the restriction to credit. It has been pointed out that a good part of the bankruptcies were caused by asymmetric treatment. With dollarization, Ecuadorian banks were forced to improve the terms of treatment of information asymmetry in the financial intermediation process. Solow's theory shows a clear relationship between the savings rate, population growth rate and technical progress, that the presence of a positive savings rate stimulates the placement of credits and these in turn increase the productive capacity of the economy, producing growth. economical in the long run. This work analyzes the relationship between loans and deposits in private banks with the economic growth of Ecuador for the period 2011 to 2019 and proposes a hypothesis regarding the mediating effect that financial asymmetry has with the relationship described above. Econometric models without intercept have been used to isolate unspecified effects in the four study variables: economic growth, deposits, credits and asymmetric information (collected in inflation). The results show that for the period described there is no mediating effect of the information asymmetry in the relationship between economic growth and deposits and loans.