Revista OEconomica

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Articles on Issue Theme

Jörg Guido HULSMANN

Université d'Angers

The current financial crisis is the result of longstanding political interventionism. In what follows we argue that our monetary system creates incentives for irresponsible behavior (moral hazard) and is therefore an important cause of recurrent crises. Then we discuss two recent articles purporting to downplay the significance of this fact.

ŒCONOMICA no. 2/2009

Keywords: economic crisis, moral hazard, information economics, property economics

JEL: B53, D8

Feriţi-vă de cei care iau în derâdere hazardul moral

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