Economist and McCombs senior lecturer of finance Michael Brandl explains the concept of systemic risk, and how it is used as justification in helping financial institutions that are "too big to fail." Want more LINGO? Check out clips explaining "moral hazard" and "contagion."
In our new series, LINGO [the language of business], McCombs faculty members offer bite-sized explanations of business vocabulary, sure to help you feel more informed. Here, McCombs senior lecturer of finance Michael Brandl explains “moral hazard,” a phrase that google-trended into the stratosphere as the financial crisis unfolded.
Accounting professors Jim Deitrick and Michael Granof write that bailout recipients should be held to the same accounting standards as nonprofit institutions.
John Griffin appeared Oct. 29 on CCTV, the English language station in Beijing, China, for a half-hour panel discussion on the role governments should play in worldwide economies.