"I think Mervyn is a little more fixated on moral hazard than others," said DeAnne Julius, a prominent economist here, referring to the view that rescuing banks via bailouts or sharp cuts in interest rates just encourages more of the risky conduct that got them in trouble in the first place.
European officials caution that while it may still be a long shot, a move to force large, uninsured depositors to share the pain with Europe's taxpayers would send a powerful message to the market that risky financial conduct has consequences.
Banking experts say that the reason Cyprus, as well as Spain and Ireland, have needed bailouts is because Brussels has left to national regulators the very large responsibility of ensuring that their banks do not engage in risky conduct that could threaten the broader euro monetary system.
Although the new study, being released Monday, did not reach any fresh conclusions about how audiences might be affected by the cinematic mixture of risky conduct, its authors reiterated that earlier investigations had shown that some consumers could and did emulate on-screen behavior.
With respect to the division of benefits factor, Nozick seems to hold that those who suppress (or mitigate) risky conduct by others should not be thought of as thereby benefiting.
July 15th, the day that the financial reform bill passed the Senate, will likely serve as a critical milestone in the campaign to create a new legal infrastructure for the financial industry, one that, hopefully, will serve as a bulwark against risky conduct and future financial crises.
He is an adult; he is lucid; his risky conduct imperils only himself.
In short, then, deterring risky conduct and having healthy banks is good, but adding an incentive tax to promote productive conduct and commerce would be even better.
If you think that risky, consider this.
Romer and the researchers called this the "James Bond effect," wherein violence is glamorized by pairing it with other risky conduct, or shown as acceptable as sex.
