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The Natural Instability of Financial Markets [PDF]
This paper gives a detailed exposition of Hyman Minsky’s Financial Instability Hypothesis which takes the US financial system as its reference structure and provides a historical account of financial sector evolution and regulatory changes in the US in the run up to the current crisis.
Jan Kregel
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Financial development, financial instability and poverty [PDF]
This article investigates how financial development is beneficial to the reduction of poverty, on the one hand by promoting growth and in the other hand directly by the McKinnon conduit effect. At the same time, however, financial instability which accompanies financial development is detrimental to the poor and dampens the positive effect of financial
Sylviane Guillaumont Jeanneney +1 more
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. The COVID-19 pandemic has revealed significant structural flaws, caused deterioration of living and labor conditions, and slowed down economic growth paces for both regions and the country as a whole. It makes the domestic economy vulnerable to various
H. Vozniak +3 more
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We identify two approaches to financial crises in the history of political economy, namely, the exogenous approach whereby financial crises are sudden events, and the endogenous approach whereby they arise from a long process.
Carré Emmanuel, Le Maux Laurent
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THE PROBLEMS OF THE DOMESTIC REINSURANCE DEVELOPMENT IN CONDITIONS OF FINANCIAL INSTABILITY
. Financial instability stems from the excessive volatility in the financial markets, the weakness of financial institutions and the inability of financial sector companies to fulfill their obligations, and it is no exception to insurance companies that ...
O. Stashchuk +2 more
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Linkages between financial development, financial instability, financial liberalisation and economic growth in Africa [PDF]
In the aftermath of the 2008 global financial crisis, the implications of financial liberalisation for stability and economic growth has come under increased scrutiny.
Asongu, Simplice +5 more
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Investigation of the Factors Affecting Financial Instability in Developing Countries: The SGMM Approach [PDF]
Maintaining financial stability has always been one of the most important economic aims. In order to achieve this goal, the factors affecting the financial stability must be identified and analyzed.
Seyed Ehsan Hosseinidoust +2 more
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The Financial Instability Hypothesis [PDF]
The Financial Instability Hypothesis (FIH) has both empirical and theoretical aspects that challenge the classic precepts of Smith and Walras, who implied that the economy can be best understood by assuming that it is constantly an equilibrium-seeking and sustaining system.
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Financial Shocks and Their Impact on Macroeconomic Variables: A Threshold VAR Analysis [PDF]
Financial instability causes uncertainty and a lack of transparency in the market and decision-making processes, ultimately leading to reduced investment and economic growth. Additionally, economic shocks alter investors’ expectations.
Sosan Etemadinia +2 more
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Financial Keynesianism and Market Instability [PDF]
ABSTRACT In this paper I will follow Hyman Minsky in arguing that the postwar period has seen a slow transformation of the economy from a structure that could be characterized as “robust” to one that is “fragile.” While many economists and policymakers have argued that “no one saw it coming,” Minsky and his followers certainly did!
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