Moral Hazard: A Financial, Legal, and Economic Perspective

ISBN-13: 9780367688332 / Angielski / Twarda / 2021 / 218 str.

Juan Flores Zendejas; Norbert Gaillard; Rick Michalek

Opis

This book 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. It is the first book to provide an interdisciplinary analysis of moral hazard and explain why addressing this issue has become crucial today.

Spis treści

1. Introduction Part I: Conceptual and Theoretical Aspects of Moral Hazard 2. The Ethics of Moral Hazard Revisited 3. Moral Hazard and Lending of Last Resort Part II: Moral Hazard and Sovereign Risk 4. Moral Hazard in the Export Credit Industry 5. The International Lender of Last Resort: Between Scylla and Charybdis 6. Moral Hazard at the IMF: An Analysis of the Fund’s Policies and Status Part III: Moral Hazard in the Financial and Corporate Areas 7. The Institutionalization of Bailouts, 1970–1984 8. Varieties of Moral Hazard in the Global Automobile Industry 9. Design and Cost of U.S. Responses to the 2007–2009 Financial Crisis and the 2020 Covid-19 Pandemic 10. Remarks and Policy Recommendations to Fight Moral Hazard