The Moral Hazard Economy  

Oleh:

Bernstein, Peter L.

Jenis: Article from Bulletin/Magazine - ilmiah internasional
Dalam koleksi: Harvard Business Review bisa di lihat di link (http://web.b.ebscohost.com/ehost/command/detail?sid=f227f0b4-7315-44a4-a7f7-a7cd8cbad80b%40sessionmgr114&vid=12&hid=105&bdata=JnNpdGU9ZWhvc3QtbGl2ZQ%3d%3d#db=bth&jid=HBR) vol. 87 no. 7-8 (Jul. 2009), page 101.
Topik: U.S. Government; Bailouts; Global Financial System

Ketersediaan

Perpustakaan Pusat (Semanggi) Nomor Panggil: HH10.39 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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Isi artikel

The Obama administration and the Federal Reserve authorities—along with their counterparts around the world—are doing their utmost to thaw the terrible credit freeze that took hold in the fall of 2008. What could be guaranteed has been guaranteed. What trash the central banks could absorb has been absorbed. And the U.S. government has poured billions of taxpayer dollars of new capital into the country’s largest financial institutions. Other key industries are taking their place in the queue as well. That governments have had to take these steps is a sorry commentary on how badly the housing and derivatives bubbles deformed the economy and the global financial system. Although interventions in the private sector have in all likelihood prevented an immediate meltdown, they have profoundly transformed the economic landscape. How disastrous the consequences will be depends on whether our appetite for risk has been increased by the bailouts or reduced by the meltdown.

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