I disapproved of bankers, on principle. Not that I knew any. Until this job, I had worked and made friends with people who shared my views. Mostly moral, mostly kind. An unlikely candidate, then, for the job of executive speechwriter, to be putting words in the mouths of plutocrats deeply suspicious of metaphors and words of more than two syllables. An unlikely candidate, too, to be working for a firm…whose ethic was borrowed in equal parts from the Marines, the CIA, and Las Vegas. A firm where women were about as welcome as fleas in a sleeping bag. Wall Street in the mid-1990s: the recession is over and finance companies are gearing up for the next boom. Cath—wisecracking Australian-born ‘bedrock feminist, unreconstructed left-winger’—has given up freelance writing for corporate life at one of the big investment banks. Her husband, Bailey, has Alzheimer’s, and they need serious money. For seven years Cath lives in two worlds, both of them mad. By day she grapples with the twisted logic and outsized egos of high finance. By night she witnesses the inexorable decline of the man she loves as, ravaged by disease, he is 'reduced to a nub'. Wise, unsentimental and darkly funny, Kate Jennings' Moral Hazard is a crisp accounting of looming meltdowns—financial and personal.
The volume also features commentaries and insights from other renowned economists, including an introduction by Joseph P. Newhouse that provides context for the discussion, a commentary from Jonathan Gruber that considers provider-side ...
This title is part of UC Press's Voices Revived program, which commemorates University of California Press’s mission to seek out and cultivate the brightest minds and give them voice, reach, and impact.
Later, alone in her room at the end of a long day, Anik picked up a book that Sandra had recommended to her, Birdsong by Sebastian Faulks. It was about two lovers against a tragic backdrop of injury, war, and longing.
Moral Hazard and Benefits Consumption Capital in Program Overlap reviews and extends the analysis of moral hazard response in two empirical directions: 1) how insurance changes in one program affects employee participation in other programs ...
In which context stay health care services and price elasticity? And how can you reduce the problem of moral hazard? These are just a few questions which will be examined in this paper.
In this first 'Special Report' in the ICMB/CEPR series of Geneva Reports on the World Economy, Professor Eichengreen argues that institutional reforms that address the dilemmas of IMF bailouts are needed if the international policy ...
Since moral hazard has a great impact on health insurance policies, there is a growing interest in the economic literature to identify and to measure its effects.
Essay aus dem Jahr 2005 im Fachbereich BWL - Recht, Note: 1,7, Higher School of Economics Moscow, Russia, Sprache: Deutsch, Abstract: Legal and economical interpretations of contract, contract law and contract theory, asymmetric information ...
This paper shows that a central bank, by announcing and committing ex-ante to a bailout policy that is contingent on the realization of certain states of nature (for example on the occurrence of an adverse macroeconomic shock), creates a ...
Hedonic Utility, Loss Aversion and Moral Hazard summarizes recent advances in the modeling and measurement of hedonic utility.