| We are using IMF as shorthand for the entire grouping of moral hazard intensifiers we listed at the outset! |
| It also minimizes moral hazard, by centralizing negotiations over fee structures, and eliminating the collective action problem in enforcement. |
| But moral hazard reduces the ability to reallocate risk among different economic agents. |
| For example, if moral hazard is associated with deposit insurance, the greater risks banks take may demand stronger preventive techniques. |
| Five years ago, when the government bailed out Bear Stearns, we heard a lot about moral hazard. |
| This is, of course, deeply morally unsatisfying, and it raises real questions about moral hazard. |
