Eric Maskin

If banks anticipate government will come to the rescue should the credit market go badly awry, they may make loans that would otherwise be imprudent, e.g. subprime loans with little prospect of repayment.
If banks anticipate government will come to the rescue should the credit market go badly awry, they may make loans that would otherwise be imprudent, e.g. subprime loans with little prospect of repayment.
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anticipate  awry  badly  

These are some quotes by American author Eric Maskin Economist, who was born on December 12, 1950.


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