Study On The Causes Of Moral Risk Generate The Financial Crisis

Reviewing the history of world economy, America economic crisis occurred in1929-1933, collapsing of the Bretton Woods system, Japan bubble economy and European currency crisis were breaked in nineteen nineties, and then the financial crisis in Mexico and United States sub-loan crisis were occurred in1997and2008respectively. Therefore, the financial crisis has become the maladies that blocked the development of world economic. Of course, many researches have paid more attention to study the financial in decades. The result was that moral risk factors and the financial crisis are the causes of the financial crisis and they found that researching the dynamic equilibrium is relatively new research theism. Nowadays, the characteristic of the economic crisis has many features which is the external appearance masking the inherent logic of the development of economic. Especially in the rapid development of economic and technology, the important thing is that revealing the imagery of the economic crisis and solving the financial crisis in a good matter.This paper gave the concept of financial crisis and moral risk occurred in economic crisis. The inherent and external reasons of moral risks that cause the financial crisis were also studied. The author constructs a game model on the basis of the research of game theory assuming that the main game was consists of regulators and regulated parties and analyzed the game theory. As a result, we explained the American subprime was mortgage crisis based on the moral risk and recognized the moral risk is a seriously security threat to financial development. Finally, the author find that the method solve the economic crisis is that improve and strengthen the national macroscopic policy, legal supervision and guidance, improving public and economic responsibility of moral consciousness, raise awareness and ability to avoid.