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Hazard in sentence

235 examples of Hazard in a sentence

Market prices for these services are prohibitive even for the better paid, and private insurance rarely handles children because of the dangers of 'moral hazard' and 'adverse selection'.
Sub-Prime Economic TheoryThe insistence that those responsible for today’s financial crisis pay a price lest they repeat their mistakes – the so called moral hazard argument – recalls the great American orator William Jennings Bryan’s immortal “cross of gold” speech: “You shall not press down upon the brow of labor a crown of thorns.
To avoid future increases in this appetite, policymakers and pundits have focused on the so-called “moral hazard problem”: the “bad guys” must pay for their mistakes, lest they make them again.
One would have expected the modern-day William Jennings Bryan to be warning central bankers not to crucify mankind on a “cross of moral hazard and no-bailouts.”
They view budget deficits as creating negative spillover effects for neighbors, owing, for example, to the moral hazard of bailouts.
The game of hazard which he plays is furnished with many zeros,” which represent “the increment [by which] the world’s wealth has fallen short of...savings,” owing to “the losses of those whose courage and initiative have not been supplemented by exceptional skill or unusual good fortune.
The first misconception is that the crisis was all about moral hazard.
But the moral hazard view misses the central point: as we document in our book, households, banks, rating agencies, investors, and policymakers all believed in the housing market, and all failed to see the risks.
Moral hazard claims excuse inaction because “it was the bad banks taking and hiding extravagant risks.”
But the mutualisation of debt gave rise to huge moral hazard effects, inducing the states to borrow excessively.
Eurobonds would imply lingering soft budget constraints and huge political moral hazard effects that would destroy the European model.
Finally, despite all the warnings about moral hazard, Western banks have been partly bailed out of their bad investments.
Foreign donors must insist that Pakistan reform its economy in order to escape the moral hazard implied by continued dependence on aid flows.
Were the ECB to take aggressive action to bring them down, moral hazard would result: countries would face no punishment for delaying reforms.
Deposit insurance creates what economists call "moral hazard," people who are insured against an unpleasant event are not as careful as they would otherwise be in trying to avoid that event.
Although many factors contributed to the Savings and Loan crisis, it is generally agreed that moral hazard was a major one.
Following that crisis, deposit insurance in the US was reformed with the objective of mitigating the moral hazard problem.
In contrast to deposit insurance, however, liquidity provision can avoid moral hazard by helping only those banks that are solvent.
The legal obstacle is not merely an inconvenience; it also represents a valid economic concern about the moral hazard that ECB bailouts present for members’ fiscal policies in the long term.
That moral hazard – a subsidy for fiscal irresponsibility – was among the origins of the Greek crisis in the first place.
Moreover, they do not pose moral-hazard issues (unless one thinks of the long-term moral hazard that the “exorbitant privilege” of printing the world’s international currency creates for US fiscal policy).
Despite such problems, effective measures were implemented to evacuate those at risk and limit the potential hazard from consumption of contaminated foodstuffs.
If it is too easy to default and reduce one’s debt burden, the result is moral hazard, because debtors gain an incentive to indulge in bad behavior.
And, beyond that hazard, there are other reasons to avoid federalist measures.
In developing a strategy for pooling government debt, Europe’s leaders must address the possibility of moral hazard (the temptation for weaker countries to relax their debt- and deficit-reduction efforts in response to the increased credibility conferred by stronger countries).
Indeed, given stronger economies’ unwillingness to be exploited in this way, the risk of moral hazard is the most significant obstacle to pooling debts in the eurozone.
To the extent that monetary and fiscal arrangements fail to reduce or eliminate moral hazard, the risk that capital flows create these endogenous asymmetric shocks will remain commensurately high.
The goal is to eliminate the moral hazard introduced by the IMF.
Yet, because the usual response – socialization of bank losses, with a privileged few keeping the profits and bonuses they accrued while the bubble was growing – creates moral hazard, the cycle is likely to be repeated.
The sequence so far has been as follows:The seventh phase of the crisis is one of enhanced moral hazard, stemming from a run-up in debt.
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