Morální hazard: pohled skeptika

This article presents a sceptical view of resolving moral hazard. The article comprises the research into financial industry, as well as that into auto industry and industry of services; it also examines interest groups - managers, shareholders, employees and creditors – in connection with the undertaking of moral hazard. The article comes to the conclusion that in the behaviour of managers, shareholders and employees there is, de facto, non-existence of moral hazard and, on the contrary, in the behaviour of creditors moral hazard exists. Nevertheless, moral hazard of s mail creditors (co mm on people) is inevitable. If an attempt to remove the moral hazard of small creditors is made, the creditors respond by not undertaking the action, that is they do not lend money. The solution to that problem is to strengthen bank regulation and offer government guarantees, not to attempt to remove the moral hazard itself.