Juan Flores Zendejas is Associate Professor at the Department of History, Economics and Society of the University of Geneva.

Norbert Gaillard is an economist and independent consultant ([...]

Rick Michalek is a New York-based independent legal and financial consultant.

1. Introduction Part I: Conceptual and Theoretical Aspects of Moral Hazard 2. The Ethics of Moral Hazard Revisited 3. Moral Hazard and Lending of Last Resort Part II: Moral Hazard and Sovereign Risk 4. Moral Hazard in the Export Credit Industry 5. The International Lender of Last Resort: Between Scylla and Charybdis 6. Moral Hazard at the IMF: An Analysis of the Fund's Policies and Status Part III: Moral Hazard in the Financial and Corporate Areas 7. The Institutionalization of Bailouts, 1970-1984 8. Varieties of Moral Hazard in the Global Automobile Industry 9. Design and Cost of U.S. Responses to the 2007-2009 Financial Crisis and the 2020 Covid-19 Pandemic 10. Remarks and Policy Recommendations to Fight Moral Hazard