Taking the moral hazard out of banking: the next fundamental step in financial reform
The path between financial meltdown and moral hazard in banking is, at best, narrow and impervious. During the financial crisis, public support became the standard response to save the banks in difficulty, heightening and broadening the moral hazard issue: subordinated/senior debt holders and large...
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| Format: | Article |
| Language: | English |
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Associazione Economia civile
2011-01-01
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| Series: | PSL Quarterly Review |
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| Online Access: | http://ojs.uniroma1.it/index.php/PSLQuarterlyReview/article/view/9415/9310 |