A moral hazard framework for interpreting the Asian crisis

Hamlyn, Tamar. (1998). A moral hazard framework for interpreting the Asian crisis Honours Thesis, School of Economics, University of Queensland.

       
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Author Hamlyn, Tamar.
Thesis Title A moral hazard framework for interpreting the Asian crisis
School, Centre or Institute School of Economics
Institution University of Queensland
Publication date 1998
Thesis type Honours Thesis
Total pages 132
Language eng
Subjects 14 Economics
Formatted abstract The moral hazard problems allegedly present in the Asian crisis of 1997-98 are yet to be clearly specified. This thesis, through the construction of a moral hazard framework incorporating the transfer of costs between individual moral hazard relationships, proposes that moral hazard may provide a partial explanation of the severity of the Asian crisis.

The framework suggests that moral hazard problems generate an increased preference for risk, which subsequently results in a rise in the real costs of moral hazard. Preliminary empirical analysis of the crisis nations of Indonesia, Korea and Thailand yields results that are consistent with the framework. However, the uncertainties present in measuring moral hazard prevent these results from being conclusive.

 
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Created: Wed, 24 Nov 2010, 14:29:37 EST by Muhammad Noman Ali on behalf of The University of Queensland Library