The weakest links in the crisis of the Spanish Savings Banks
International Journal of Finance &Economics, Volume 29, Issue 1, Page 654-664, January 2024.Abstract The bail‐out of the Spanish financial system was the largest in the Eurozone. The Spanish savings banks were the main direct recipients of public support between 2010 and 2012 and most of the bail‐out money was transferred to the savings banks after a series of mergers and acquisitions were completed among these entities. This article analyses
Juan Rafael Ruiz +2 more
wiley +1 more source
Working Paper No. 23, Hyman Minsky and Financial Instability [PDF]
, 2019 Hyman Minsky can readily be categorized as a post-Keynesian economist, for he advances a purist’s interpretation of John Maynard Keynes’ The General Theory of Employment, Interest and Money.
Caballero, Gabriel
core +2 more sources
The Modeling of Financial Instability: An Introduction [PDF]
, 1974 Pages 267-272 of Modeling and Simulation, Vol. 5, Part 1: Proceedings of the Fifth Annual Pittsburgh Conference. Pittsburgh, Pa: Instrument Society of America, 1974.
Minsky, Hyman P., Ph.D.
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Subprime Crisis and Instability of Global Financial Markets [PDF]
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.
Ognjen Radonjić, Miodrag Zec
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"Minsky Moments, Russell Chickens, and Gray Swans--The Methodological Puzzles of the Financial Instability Analysis" [PDF]
The recent revival of Hyman P. Minsky's ideas among policymakers, economists, bankers, financial institutions, and the mass media, synchronized with the increasing gravity of the subprime financial crisis, demands a reappraisal of the meaning and scope ...
Alessandro Vercelli
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"A Perspective on Minsky Moments--The Core of the Financial Instability Hypothesis in Light of the Subprime Crisis" [PDF]
This paper aims to help bridge the gap between theory and fact regarding the so-called "Minsky moments" by revisiting the "financial instability hypothesis" (FIH). We limit the analysis to the core of FIH--that is, to its strictly financial part.
Alessandro Vercelli
core
"Macroeconomics Meets Hyman P. Minsky: The Financial Theory of Investment" [PDF]
Expanding on an approach developed by financial economist Hyman Minsky, the authors of this new working paper present an alternative to the standard "efficient markets hypothesis"--the relevance of which Minsky vehemently denied.
L. Randall Wray, Eric Tymoigne
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A Theory of Minsky Super-Cycles and Financial Crises [PDF]
This paper argues that Hyman Minsky's financial instability hypothesis weaves together a medium term Keynesian approach to the business cycles in the spirit of Samuelson (1936) and Hicks (1950) with long cycle thinking of economists such as Schumpeter ...
Thomas I. Palley
core
Financial production and the subprime mortgage crisis. [PDF]
J Evol Econ, 2023 Tori D, Caverzasi E, Gallegati M.
europepmc +1 more source
"Orthodox versus Heterodox (Minskyan) Perspectives of Financial Crises: Explosion in the 1990s versus Implosion in the 2000s" [PDF]
Orthodox and heterodox theories of financial crises are hereby compared from a theoretical viewpoint, with emphasis on their genesis. The former view (represented by the fourth-generation models of Paul Krugman) reflects the neoclassical vision whereby ...
Jesus Munoz
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