moral hazard

June 22, 2015

An Unintended Consequence of Football Helmets

Regulation can have unintended consequences. With football helmets or seat belts or even financial regulation, protection can create more reckless behavior.

May 4, 2015

The Reversed Role of Chinese Deposit Insurance

While many nations have deposit Insurance and China will have theirs very soon, the quality and the confidence in different deposit insurance schemes vary.