Even if it staves off disaster, the bail-out will cause huge problems. It creates moral hazard: such a visible safety net encourages risky behaviour.
及时的救助计划可以暂时阻挡灾难的发生,它还是会造成巨大的问题——道德风险:如此明显的安全网会鼓励冒险行为。
I hear that the foreign media has been reporting with amazement the calmness and moral behavior of the Japanese faced with the disaster.
我听说外国媒体已经在惊讶地报道日本人面对灾难时表现出来的平静和首先的行为。
The moral of Greece's disaster is that Europeans must face up to the euro's contradictions now—or suffer the consequences in more ruinous circumstances.
希腊这场灾难的寓意在于,欧洲各国必须要直面欧元现存的矛盾——亦或是遭受更多破坏性的结果。
This made basic sense as financial engineering - an unsentimental effort to work around risks, selection biases, moral hazards and human foibles that could lead to disaster.
这样做大致合乎财务工程的道理,回避了风险、选择偏见、道德风险、人性弱点等问题。
This made basic sense as financial engineering - an unsentimental effort to work around risks, selection biases, moral hazards and human foibles that could lead to disaster.
这样做大致合乎财务工程的道理,回避了风险、选择偏见、道德风险、人性弱点等问题。
应用推荐