因此,这些银行或许更易做出风险投资,如同肯尼斯·阿罗(1972)和约瑟夫·施蒂格利茨(2001)提出的道德风险的这个概念。
As a consequence, these Banks may be more likely to make risky investments, a concept described by Kenneth Arrow (1972) and Joseph Stiglitz (2001) as moral hazard.
州引导的救援却充满了道德上的风险:投资者会不会使用“欺骗贷款”手段,当所有一切都不对头的时候,明知纳税人准备跳进陷阱,却还要推他们一把?
State-led rescues are fraught with moralhazard: what investor wouldn't take on that “liarloan”, knowing that the taxpayer is ready to jump in and help when itall goes wrong?
一个投资银行的老板感叹说,这一件事可能是公众对银行家们信任的“棺材封盖的最后一颗钉子”,他补充说:“我们现在除了财务破产,还多了道德破产。”
The affair could be "the last nail in the coffin" of public trust in bankers, sighs one investment-bank boss, adding that "We can now add moral bankruptcy to the financial sort."
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