Gersbach, Hans (contributor); Uhlig, Harald (contributor) - 2006
moral-hazard problems by securing a portion of a repayment in the case of non-investment. Financial markets operated by … ; moral hazard ; coexistence of financial intermediaries ; regulation … alleviate moral-hazard problems by se-
curing a portion of a repayment in the case of non-investment. Finan-
cial markets …