Comments on: Stability and Macro-Stabilisation as a Profound Form of the Moral Hazard Problem

By: Private Equity and the Greenspan Put at Macroeconomic Resilience

Private Equity and the Greenspan Put at Macroeconomic Resilience — Wed, 01 Feb 2012 17:57:30 +0000

[...] as I have noted on many occasions, the moral hazard problem from tail-risk hungry TBTF financial institutions is simply the tip of [...]

By: Macroeconomic Stabilisation and Financialisation in The Real Economy at Macroeconomic Resilience

Mon, 03 Oct 2011 22:16:39 +0000

[...] var addthis_config = {"data_track_clickback":false};The argument against stabilisation is akin to a broader, more profound form of the moral hazard argument. But the ecological ‘systems’ approach is much more widely [...]

By: The Cause and Impact of Crony Capitalism: the Great Stagnation and the Great Recession at Macroeconomic Resilience

Thu, 26 May 2011 14:07:09 +0000

[...] . TBTF protection and the moral hazard problem is best seen as a subset of the broader policy of stabilisation, of which policies such as the Greenspan Put are much more pervasive and [...]

By: Raghuram Rajan on Monetary Policy and Macroeconomic Resilience at Macroeconomic Resilience

Tue, 03 Aug 2010 12:30:28 +0000

[...] thesis is limited to the impact of such policies on banks but as I noted in a previous post, market players also adapt to this implicit commitment from the central bank to follow easy money [...]

By: Alex Golubev

Alex Golubev — Mon, 08 Mar 2010 18:32:15 +0000

You capture this very well. I think it’s time for facebook/twitter/flashmob activism. We have to take steps to improve the system.