Hooks, Linda M.; Robinson, Kenneth J. - In: Econ Journal Watch 4 (2007) 3, pp. 303-307
In his comment on our 2002 Journal of Economic History paper, Gary Richardson (2007) proposes that our work specifies moral hazard too narrowly. Richardson posits that fixed-rate deposit insurance leads to moral hazard which takes many forms. These include not only the usual notion of...