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Risky business: the free insurance provided to banks
Basel

Risky business: the free insurance provided to banks

Moral hazard (n): Where the actions of one party change to the detriment of the other party after a transaction has taken place. Imagine what life would be like if every time you got in trouble, whether it be for speeding, theft or even indecent exposure, your parents bailed you
May 20, 2017 6 min read
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