Credit Risk under Moral Hazard
A special issue of International Journal of Financial Studies (ISSN 2227-7072).
Deadline for manuscript submissions: closed (1 October 2013) | Viewed by 15153
Special Issue Editor
Special Issue Information
Dear Collegues,
Over the years it has become evident that the issue of moral hazard in financial intermediation plays a fundamental role in all modern economies. The analysis of moral hazard influences to a large extent the formation of bank regulation and, more generally, financial regulation. The problems of moral hazard in banks, financial institutions and sovereigns have become even more evident at many stages of the recent financial crisis. The question of whether governments or banks, in the brink of bankruptcy due to reckless borrowing or lending, should be bail-out has regained serious attention in the financial economics literature. Policy makers and scholars in favor of bailouts base their arguments mainly on the risk contagion hypothesis and were those against put forward issues of market discipline. Furthermore, a number of other issues have emerged, such as whether moral hazard in financial intermediation can cause aggregate economic fluctuations, or how policy makers can shape bank and financial regulation to contain the risks of moral hazard, or what is the role of moral hazard in the securitization process of financial intermediaries and how this has affected their credit risk profiles. From this perspective, the purpose of this volume is to further explore and analyze issues related to credit risk taking and moral hazard and what lessons can be learnt from the recent financial crisis.
Dr. Panayiotis G. Artikis
Guest Editor
Keywords
- moral hazard
- credit risk
- financial crisis
- financial intermediaries
- risk management
Benefits of Publishing in a Special Issue
- Ease of navigation: Grouping papers by topic helps scholars navigate broad scope journals more efficiently.
- Greater discoverability: Special Issues support the reach and impact of scientific research. Articles in Special Issues are more discoverable and cited more frequently.
- Expansion of research network: Special Issues facilitate connections among authors, fostering scientific collaborations.
- External promotion: Articles in Special Issues are often promoted through the journal's social media, increasing their visibility.
- e-Book format: Special Issues with more than 10 articles can be published as dedicated e-books, ensuring wide and rapid dissemination.
Further information on MDPI's Special Issue polices can be found here.
