Question
SHORT ANSWER Some economists argue that the bailouts of the big banks during the 2008 financial crisis were a sure way to create moral hazard
SHORT ANSWER
Some economists argue that the bailouts of the big banks during the
2008 financial crisis were a sure way to create moral hazard in the
banking system. Define what we mean by moral hazard, and explain
the relationship between bailouts and moral hazard.
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Microeconomics
Authors: Douglas Bernheim, Michael Whinston
2nd edition
73375853, 978-0073375854
