MORAL RISK, THE VISION OF JȌRG GUIDO HȔLSMANN

As the name suggests, the concept takes us to an interesting area of debate about morale in economics and money management. The problem is whether there are limits in trading money and what are those limits, especially given that the money in banks is not actually the money of the banks, but of their customers. The behavior of the banks should therefore be extremely prudent, restricted by the fact that the banks are a mere intermediary, administrator of other people’s money. In conditions of greedy, shallow and risky behavior, then when financial crises occur, banks are always saved, and their customers are always the ones who pay the damages. It is a simple mechanism for not taking responsibility and avoiding the division of damages. In other words, when the sun is out, that is to say, the economy is doing well and offering profits, we are all happy, and when the bad weather comes, the sadness is only on the faces of some, more precisely on the faces of the innocent ones.