Multidimensional Perspectives of Generating Mechanism of Financial Moral Hazard

U. S. Financial Crisis in 2008 makes financial moral hazard become the focus of academic circle. Under this background,it is very important to explore the generating mechanism of financial moral hazard deeply,which can prevent the occurrences of financial risks and even financial crises. The generating mechanism of financial moral hazard can be analyzed by paradigm of embryology from multi-dimensional perspectives,such as philosophy,economics,finance,ethics and law. In this sense,theeconomic manhypothesis is the basis of human nature in generating financial moral hazard; information asymmetry is economic incentives of its occurrence; financial fragility is credit soil of it; moral vulnerability is ethical factor of it; structural imbalance of rights and duties is the legal origin of it. Thus we can see the occurrence of financial moral hazard is not the product of one factor alone,but the result from combined effect of the above factors inevitably.