This is an interesting question: do they solve the moral hazard and adverse selection problem as well as banks do?

一个有意思的问题出现了,他们可以向银行那样,处理好道德风险以及逆向选择问题吗

耶鲁公开课 - 金融市场课程节选

It does create moral hazard problems-- that's a problem with it, but that's something that we're learning about.

这会引发道德风险问题-,这是弊端所在，但这也正是我们要学习研究的。

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That's moral hazard; but it's not unique to that, it's all over the place.

这就是道德风险;,并不仅仅是这一项，随处可见这个问题。

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These are efforts to solve the moral hazard problem and to manage risks.

这些都是为了解决道德风险问题,和进行风险管理。

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They have to contend with something called moral hazard, which is the risk that people will be affected by the fact that they're insured and do something bad.

保险公司必须应对道德风险的问题,也就是说,有些人可能会因为购买了保险,而动了歪念来骗取保费

耶鲁公开课 - 金融市场课程节选

He was dealing also with the moral hazard and adverse selection problem.

他当时也视图解决道德风险,以及逆向选择的问题

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The other thing is moral hazard -this is that companies, once they borrow money from anybody, a bank or anyone else, they have an obligation, which is fixed in dollar terms.

另一个问题是道德风险,意思是说,一旦公司借了钱,无论是从银行还是其他渠道,他们就背负了一种义务,金钱的义务

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They think, it doesn't matter what I do, I'm going to get the same consumption as everybody else, so I'll just get lazy-- a very fundamental problem, which you probably are already aware of.

因为他们知道，无论做了什么，都会享受与其他人相同的消费水平，所以偷懒就行了-,想必你们都已经意识到了，道德风险在这里是极其重要的问题。

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I wanted to mention in this context, because I'm emphasizing how banks help solve the adverse selection and moral hazard problem -I wanted to mention briefly here also the rating agencies, which fulfill some of these functions.

我早就想在这段内容里讲讲这事了,因为我一直强调,银行是如何帮助解决逆向选择,以及道德风险问题的...,我还一直想在这里简要的提下,本应履行这些职能的那些信用评级机构

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