Moral Hazard Misconceptions: the Case of the Greenspan Put
收藏NBER2017-11-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w24050
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资源简介：
Policy discussions on financial market regulation tend to assume that whenever a corrective policy is used ex post to ameliorate the effects of a crisis, there are negative side effects in terms of moral hazard ex ante. This paper shows that this is not a general theoretical prediction, focusing on
提供机构：
美国国家经济研究局
创建时间：
2017-11-01
