Moral hazard : a financial, legal, and economic perspective

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書誌事項

タイトル
"Moral hazard : a financial, legal, and economic perspective"
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edited by Juan Flores Zendejas, Norbert Gaillard and Rick Michalek
出版者
  • Routledge
出版年月
  • 2022
書籍サイズ
24 cm

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注記

Content Type: text (rdacontent), Media Type: unmediated (rdamedia), Carrier Type: volume (rdacarrier)

Includes bibliographical references and index

Summary: "Moral Hazard is a core concept in economics. In a nutshell, moral hazard reflects the reduced incentive to protect against risk where an entity is (or believes it will be) protected from its consequences, whether through an insurance arrangement or an implicit or explicit guarantee system. It is fundamentally driven by information asymmetry, arises in all sectors of the economy, including banking, medical insurance, financial insurance, and governmental support, undermines the stability of our economic systems and has burdened taxpayers in all developed countries, resulting in significant costs to the community. Despite the seriousness and pervasiveness of moral hazard, policymakers and scholars have failed to address this issue. This book fills this gap. It covers 200 years of moral hazard: from its origins in the 19th century to the bailouts announced in the aftermath of the COVID-19 outbreak. The book is divided into three parts. Part I deals with the ethics and other fundamental issues connected

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詳細情報 詳細情報について

  • CRID
    1130291776293526962
  • NII書誌ID
    BC0891127X
  • ISBN
    9780367688332
  • LCCN
    2021033127
  • Web Site
    https://lccn.loc.gov/2021033127
  • 本文言語コード
    en
  • 出版国コード
    uk
  • タイトル言語コード
    en
  • 出版地
    • Abingdon, Oxon ; New York, NY
  • 分類
  • 件名
  • データソース種別
    • CiNii Books
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