Moral Hazard - A Financial, Legal, and Economic Perspective

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.

List of contents

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

About the author

Juan Flores Zendejas is Associate Professor at the Department of History, Economics and Society of the University of Geneva.
Norbert Gaillard is an economist and independent consultant (www.norbertgaillard.com).
Rick Michalek is a New York-based independent legal and financial consultant.

Summary

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.

Product details

• Authors: Juan Gaillard Flores Zendejas, Norbert Gaillard, Rick Michalek
• Assisted by: Juan Flores Zendejas (Editor), Norbert Gaillard (Editor), Gaillard Norbert (Editor), Rick Michalek (Editor), Rick J Michalek (Editor), Rick J. Michalek (Editor)
• Publisher: Taylor & Francis Ltd.
• Languages: English
• Product format: Hardback
• Released: 31.12.2021
• EAN: 9780367688332
• ISBN: 978-0-367-68833-2
• No. of pages: 218
• Series: Routledge International Studies in Money and Banking
• Subjects: Guides > Law, job, finance; Humanities, art, music > History; Social sciences, law, business > Business > Economics; History, Business & Economics / Investments & Securities / General, BUSINESS & ECONOMICS / Economics / General, BUSINESS & ECONOMICS / Money & Monetary Policy, BUSINESS & ECONOMICS / Banks & Banking, Economic history, business strategy, Finance & accounting, Jurisprudence & general issues, Management of specific areas, Industry & industrial studies, Finance and accounting, Banking law