Fwd: [a16-dc-planning] IMF comments on the protest

Doug Henwood dhenwood at panix.com
Thu Apr 6 10:25:06 PDT 2000

Chris Doss wrote:

>What on Earth is a "moral hazard"? Sounds like a euphemism to me. C. Doss

The risk that insuring something will encourage risky behavior. In this case, the knowledge that the IMF may well bail out foreign investors if a country has a financial crisis will encourage them to invest more (and more riskily) than they would otherwise.


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