ABSTRACT
The author is attempting to answer the question: do information policies of central banks affect the asymmetry of information in financial markets? Information policies of central banks should be up to date and reliable by definition. As a result, risk should be restricted in financial markets, whose effectiveness should improve thereby. A macroeconomic perspective is adopted in this discussion. The objective is to verify the following two hypotheses:
Asymmetry of information is a natural consequence of financial markets’ development, marked by an expanding range of financial instruments and products, among other characteristics.
Information policies of central banks are sources of current and reliable information about monetary policy strategy for all market players.
Notions like information and knowledge as well as their components (data, interpretation, assessment, disinformation, and information noise) are presented. Views of selected authors are introduced concerning significance of information in the decision-making process of businesses, in particular, of financial intermediaries. The research hypothesis is verified on the basis of literature review and empirical research.
