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.
Hyman P. Minsky
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The Limits of Minsky's Financial Instability Hypothesis as an Explanation of the Crisis [PDF]
Aside from Keynes, no economist seems to have benefitted so much from the financial crisis of 2007-08 as the late Hyman Minsky. The collapse of the sub-prime market in August 2007 has been widely labeled a “Minsky moment,” and many view the subsequent implosion of the financial system and deep recession as confirming Minsky’s “financial instability
Thomas I. Palley
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Hyman Minsky's financial instability hypothesis and the Greek debt crisis
This article attempts to analyze the current debt crisis in Greece based on the financial instability hypothesis developed by Hyman Minsky. This article shows that the hypothesis provides an understanding of how an economy endogenously becomes ...
Sergey Beshenov, Ivan Rozmainsky
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Читать далее Dynamics of Financial Fragility in Hong Kong’s Non-Financial Private Companies and the Business Cycle [PDF]
This article examines the financial instability hypothesis in Hong Kong's contemporary economy, investigating whether the proportion of financially fragile firms rises during cyclical upswings as economic crises approach.
Olesya A. Berezkina, Ivan V. Rozmainsky
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From Orthodoxy to Heterodoxy: Financial Crisis Literature Compared
In this paper we’ll attempt to explain the connection between interventionism in financial markets, financial crises and economic downturns, as the main cause of the financial crisis mainstream models; As well as the connection between the theories of ...
Martínez Ignacio, Mursa Gabriel
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The role of foreign direct investment, financial development, democracy and political (in)stability on economic growth in West Africa [PDF]
Purpose – In this research, we examine the role of financial development, FDI, democracy and political instability on economic growth in West Africa. Design/methodology/approach – The study uses the dynamic fixed effects technique on the secondary data ...
Hammed Agboola Yusuf +4 more
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Investigating the Effect of Financial Crisis Severity on the Relationship between Competitiveness and Profitability in the Product Market [PDF]
This paper aimed to examine the effect of financial crisis severity on the relationship between profitability and competitiveness of the market in the listed firms in Tehran Stock Exchange.
Mahdi Filsaraei +2 more
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Neo-Kaleckian models with financial cycles: A center-periphery framework
The article develops a Neo-Kaleckian model that takes into account the impact of financial cycles on demand regimes. Both the financial instability hypothesis and the paradox of debt are considered, as well as both the upward and the downward phases of ...
David Guimarães Coelho +1 more
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Financial instability and climate change: new challenges for central banks [PDF]
The climate-induced financial instability hypothesis, developed in a context of growing concern about the economic consequences of the environmental crisis, expresses possible imbalances in the monetary and financial sides of the economic system promoted
LUIZ HENRIQUE BISPO SANTOS +1 more
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his study aimed to determine the effect of financial stability, external pressure and financial targets on fraudulent financial statements in manufacturing companies. This study uses the population of manufacturing companies listed on the Jakarta Islamic
Elit Eriyanti +3 more
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