It's precisely the prospect of unlimited and typically unconditional support from central banks that encourages moral hazard — meaning that bank management is not sufficiently careful.
"But keeping support measures in place over a long period creates moral hazard," meaning it can encourage risky behavior, Mr. Caruana said at a news conference following the organization's annual meeting in Basel.
In saying that moral hazard — meaning here the problem created by the conviction that some banks are too big to fail — wasn't a major cause of the past financial crisis, though, I wasn't saying, as Megan McArdle suggests, that there is no moral hazard problem in the financing of big banks today.
Large lenders have long resisted debt forgiveness because of fears that it creates a moral hazard, meaning it could encourage borrowers to take out risky loans in the future because the consequences would not be so bad, or to default to qualify for principal reduction.
Fazal, the Pakistani farmer played with warmth and intensity by Jamal Shah, follows a similar course, but with more complicated stakes and hazards and meaning.
It means that we must continue to take an all-hazards approach to preparedness, meaning we prepare for natural disasters as well as terrorist attacks.
The hazard rate was 4.04 (95% CI: 2.07 7.91), meaning that death hazard for a mouse in the non-treated AKI group was 4.04 times greater than for a mouse in the VLP-treated group.
The report listed 45 storage units at 27 locations as "high hazard" coal ash ponds meaning a failure would threaten human life.
"We have high-hazard dams across the state, meaning if they were to fail they would present a significant risk of loss of life," Mr. Campbell said.
As well as studio pundits, Sky had reporters by the dugouts, and former internationals stationed at either end of the Old Trafford pitch, meaning the chief hazard for any player chasing a long kick was the possibility of injuring himself on a member of the Sky team.
