Results 251 to 260 of about 52,902 (294)

An Empirical Examination of Minsky's Financial Instability Hypothesis

SSRN Electronic Journal, 2010
Minsky proposed classifying firms in three categories: 1) hedge finance units which borrow no more than they are able to service in interest and principal out of operating cash flows, 2) speculative finance units which are over-leveraged to the point where they can service interest on their debt out of earnings, but cannot repay the principal, and thus
Robert F. Mulligan, Roger Lirely, David Coffee   +2 more
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A sectoral analysis of the financial instability hypothesis

The Quarterly Review of Economics and Finance, 2013
Abstract Hyman Minsky's Financial Instability Hypothesis (FIH) is applied to various North American Industrial Classification System (NAICS) industry groups, and it is found that some sectors develop much more closely in accordance with the FIH than others.
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Minsky in the ‘New’ Capitalism: The New Clothes of the Financial Instability Hypothesis

2010
This Companion provides a timely and engaging treatment of Hyman Minsky’s approach to economics, which is enjoying a renewed appreciation because of its prescient analysis of the slow but sure transformation of the capitalist economy in the post-war period.
Bellofiore R., Halevi J., Veronese Passarella M.   +2 more
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Dynamics of learning and the financial instability hypothesis

Journal of Economics, 1992
The financial instability hypothesis advanced by Minsky (1975, 1982, 1986) is not compatible with the rational expectations hypothesis in that firms persist in adopting liability structures which give rise to outcomes which in turn violate the assumptions on the basis of which those liability structures were chosen.
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Teaching Minsky's financial instability hypothesis: a manageable suggestion

Journal of Post Keynesian Economics, 2008
For more than 20 years, Post Keynesian contributions, based on the work of Hyman Minsky, have been flourishing. However, these models are often extremely sophisticated, involving numerical simulations to obtain precise results. Thus, the main purpose of this paper is to propose an introductory and analytically tractable model of accumulation and debt ...
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Finance and Economic Breakdown: Modeling Minsky’s “Financial Instability Hypothesis”

Journal of Post Keynesian Economics, 1995
H. M. Minsky's financial instability hypothesis interpretation of Keynes's General Theory is outlined. Two stylized fact extensions are made to Goodwin's (1972) limit cycle model to incorporate the fundamentals of Minsky's hypothesis. The introduction of
Steve Keen
exaly   +1 more source

THE PARADOX OF DEBT AND MINSKY'S FINANCIAL INSTABILITY HYPOTHESIS

Metroeconomica, 2012
ABSTRACTSome authors have claimed that the paradox of debt invalidates Minsky's theory of financial instability. Their theoretical frameworks are radically different from Minsky's in several aspects. Important Minskian elements, the role of margins of safety as a basis of financial decisions and the effects of asset prices on debt dynamics, among ...
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Growth Cycles and the Financial Instability Hypothesis (FIH)

2010
This Companion provides a timely and engaging treatment of Hyman Minsky’s approach to economics, which is enjoying a renewed appreciation because of its prescient analysis of the slow but sure transformation of the capitalist economy in the post-war period.
openaire   +1 more source

Minsky, the Financial Instability Hypothesis, and Risk Management

2016
At this point we turn our attention to risk management in the financial sector. The next several chapters apply the concepts developed to analyze the psychological dimension of risk management at major financial institutions that were at the heart of the global financial crisis.
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Minsky Financial Instability Hypothesis and the Case of Turkey

2016
The global crisis which has arisen from American housing market in 2007 and has affected the whole world and Turkey has motivated to re-examine current economic policies and its implications. Hyman Minsky explained the concept of instability that resulted from the deterioration of debt-income ratio as the Financial Instability Hypothesis.
KORKMAZ, Özge, YAMAK, Rahmi
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