£123.59

Routledge Moral Hazard: Financial, Legal, and Economic Study

Name: Routledge Moral Hazard: Financial, Legal, and Economic Study
Brand: Routledge
Price: 123.59 GBP
Availability: InStock

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Description

Explore the complexities of moral hazard through a comprehensive financial, legal, and economic lens. Part of the Routledge International Studies in Money and Banking series, this text examines how reduced incentives to manage risk occur when entities believe they are protected from consequences. Whether through insurance arrangements or explicit guarantee systems, this concept remains a central challenge in modern economics. This study investigates how information asymmetry drives behavior across multiple sectors, including banking, medical insurance, and financial insurance. By analyzing how these dynamics arise in governmental support systems, the book explains why moral hazard can undermine the stability of economic systems and place a heavy burden on taxpayers in developed countries. It is an essential resource for understanding the significant costs and systemic risks associated with modern economic protections.

Key Features

Analyzes the core concept of moral hazard and its impact on economic stability and taxpayer costs.

Examines the role of information asymmetry in driving risk-taking behavior across various sectors.

Provides perspectives on banking, medical insurance, and financial insurance industries.

Discusses the implications of implicit and explicit guarantee systems on economic decision-making.

Part of the Routledge International Studies in Money and Banking academic series.

Product Specifications

Brand: Routledge
Format: hardcover
ASIN: 0367688336
Category: Books > Subjects > Business, Finance & Law > Professional Finance > Insurance
Domain: Amazon UK
Release Date: 31 December 2021
Listed Since: 07 July 2021

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Routledge Moral Hazard: Financial, Legal, and Economic Study

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