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Hyman Minsky’s Financial Instability Hypothesis and the Accounting Structure of Economy [PDF]
Accounting, Economics and Law, 2013 Hyman Minsky’s view of the accounting structure of economy is essentially based upon ownership of wealth, cash flows and financial instruments as entitlements to both. Further accounting notions are introduced here that improve on Minsky’s financial analysis.
Y. Biondi
openaire +2 more sources
Hyman Minsky's financial instability hypothesis and the Greek debt crisis
Russian Journal of Economics, 2015 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
doaj +2 more sources
Minsky and the Subprime Mortgage Crisis: The Financial Instability Hypothesis in the Era of Financialization [PDF]
, 2014 The aim of this paper is to develop a structural explanation of the subprime mortgage crisis, grounded on the combination of two apparently incompatible financial theories: the financial instability hypothesis by Hyman P. Minsky and the theory of capital
E. Caverzasi
semanticscholar +4 more sources
THE CONTRIBUTION OF J. M. KEYNES TO THE ANALYSIS OF THE PSYCHOLOGICAL MOTIVES OF ECONOMIC BEHAVIOR
Vestnik MGIMO-Universiteta, 2016 The article examines the contribution of John Maynard Keynes to the study of the psychological motives of economic behavior. The origins of the analysis of the psychological motives in economics before Keynes are reviewed.
M. A. Kozlova
doaj +5 more sources
Subprime crisis and instability of global financial markets [PDF]
Panoeconomicus, 2010 In order to prescribe adequate remedies to treat the current financial crisis one has to understand what in the first place went wrong. An age ago, older generations wrote that disease could not be cured without an accurate diagnosis.
Radonjić Ognjen, Zec Miodrag
doaj +1 more source
Climate‐related risks in financial assets
Journal of Economic Surveys, Volume 37, Issue 3, Page 950-992, July 2023., 2023 Abstract The financial risks and potential systemic impacts induced by climate change and the transition to a low‐carbon economy have become a central issue for both financial investors and their regulators. In this article, we develop a critical review of the empirical and theoretical literature concerning the impact of climate‐related risks on the ...
Emanuele Campiglio +3 more
wiley +1 more source
Business Ethics, the Environment &Responsibility, Volume 32, Issue S1, Page 52-64, April 2023., 2023 Abstract This paper analyses the main perceptions of capitalism and crises from a mainstream and heterodox perspective. Broadly defined within the neoclassical structure, the mainstream approaches support the idea of long‐term stability of capitalism and describe crises as exogenous events. The heterodox perceptions, on the contrary, perceive crises as
Sophia Kuehnlenz +2 more
wiley +1 more source
Law and macro finance of corporate debt: Managing the business cycle through bankruptcy
International Insolvency Review, Volume 31, Issue 3, Page 343-362, Winter 2022., 2022 Abstract This article proposes that, as a matter of policy, the bankruptcy law protections of creditors offering to lend money to large firms in a boom should be weaker than those of creditors offering to lend to such firms in a bust. The policy goals of bankruptcy law under this proposal, inspired by the theoretical framework for Law and Macro Finance,
M. Konrad Borowicz
wiley +1 more source
History as heresy: Unlearning the lessons of economic orthodoxy
The Economic History Review, Volume 75, Issue 2, Page 297-335, May 2022., 2022 Abstract Unprecedented liquidity injections by central bankers have gained legitimacy in recent years to stave off economic crisis and enjoy strong support from prominent economists and economic historians. Such radical action by central bankers is underpinned by a remarkable agreement on a specific interpretation of the Great Depression of the 1930s ...
Mary A. O'Sullivan
wiley +1 more source
Cognitive economics and the Market Mind Hypothesis: Exploring the final frontier of economics
Economic Affairs, Volume 42, Issue 1, Page 87-114, February 2022., 2022 Abstract Cognitive economics partners cognitive science and economics: cognitive science teaches economics about mentality (present in markets), whereas economics teaches cognitive science about market forces (present in minds). The shared Market Mind principle is intelligent (sometimes conscious) self‐organisation.
Patrick Schotanus
wiley +1 more source