There are, however, important aspects to address such as moral hazard and potential implicit public support in very turbulent times. |
Five years ago, when the government bailed out Bear Stearns, we heard a lot about moral hazard. |
These theories highlight the problems of moral hazard in the principal-agent relation. |
But moral hazard reduces the ability to reallocate risk among different economic agents. |
The Federal Reserve's successive bailouts have created a huge moral hazard problem. |
Presented with the first authentic democratic challenge to their rules, they pettifogged on detail and fretted about moral hazard. |