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The introduction of government-backed loans created a moral hazard, as some companies began taking excessive risks knowing losses would be covered.
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The introduction of government-backed loans created a moral hazard, as some companies began taking excessive risks knowing losses would be covered.
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Related words
moral hazard
Noun
uncountable
usually
Japanese Meaning
モラルハザード：保険や保証等によりリスクが軽減されていることで、リスクに対して無頓着になり、本来のリスク下ではとらないような行動をとる現象。
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