Someoftheproblemsthatcausefinancialrepressionindevelopingandtransitioneconomiesinclude
A. poorlegalsystems.
B. strongaccountingstandards.
C. privateownershipofbanks.
D. excessivegovernmentregulation.
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Financialcrises
A. aremajordisruptionsinfinancialmarketsthatarecharacterizedbysharpdeclinesinassetpricesandthefailuresofmanyfinancialandnonfinancialfirms.
B. occurwhenadverseselectionandmoralhazardproblemsinfinancialmarketsbecomemoresignificant.
C. frequentlyleadtosharpcontractionsineconomicactivity.
D. alloftheabove.
Solutionstothemoralhazardprobleminclude
A. highnetworth.
B. monitoringandenforcementofrestrictivecovenants.
C. greaterrelianceondebtcontractsandlessonequitycontracts.
D. alloftheabove.
Onewayofdescribingthesolutionthathighnetworthprovidestothemoralhazardproblemistosaythatit
A. collateralizesthedebtcontract.
B. makesthedebtcontractincentivecompatible.
C. stateverifiesthedebtcontract.
D. doesnoneoftheabove.
组合体的组合形式不包括()。
A. 叠加式
B. 切割式
C. 组合式
D. 混合式