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Models of Financial System Fragility [PDF]
This survey analyses two types of models: 1. Models based on assumptions of monetary and financial market equilibrium disturbance, in line with mainstream thinking according to which if there is a self-regulating market the units would have rational ...
Iancu, Aurel
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"Institutional Prerequisites of Financial Fragility within Minsky's Financial Instability Hypothesis: A Proposal in Terms of 'Institutional Fragility'" [PDF]
The relevancy of Minsky's Financial Instability Hypothesis (FIH) in the current (and still unfolding) crisis has been clearly acknowledged by both economists and regulators.
Christine Sinapi
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Money and finance: the heterodox views of R. Clower, A. Leijonhufvud and H. Minsky [PDF]
The heterodoxy of Robert Clower, Axel Leijonhufvud and Hyman Minsky consisted in dispensing with the dominant assumption according to which the system spontaneously tends to a situation of full coordination.
Elisabetta De Antoni
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"Minsky and Economic Policy: A Minskyan Analysis of the Subprime Crisis" [PDF]
The paper uses Minsky’s financial instability hypothesis as an analytical framework for understanding the subprime mortgage crisis and for introducing adequate reforms to restore economic stability.
Luisa Fernandez
core
Hyman Minsky's Theory of Capitalist Development [PDF]
During the last decade of his life, Hyman Minsky drew on insights acquired from Joseph Schumpeter in an effort to explore the long-term development of capitalism.
Charles J. Whalen
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"Lessons We Should Have Learned from the Global Financial Crisis but Didn't" [PDF]
In this paper, I first quickly recount the causes and consequences of the global financial crisis (GFC). Of course, the triggering event was the unfolding of the subprime crisis; however, I argue that the financial system was already so fragile that just
L. Randall Wray
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Financialization impedes climate change mitigation: Evidence from the early American solar industry. [PDF]
Jerneck M.
europepmc +1 more source
Indonesia’s Ponzi Economy: Does Financial Crisis Give a Lesson [PDF]
After ten years of Asian crisis, it is still unclear what the roots of crises are really. This paper seeks to the explanation of the evolution of the capitalism system in Indonesia for gaining an important indication of the root of crisis as well as the ...
Agustinus, Prasetyantoko +1 more
core +1 more source
"The 1966 Financial Crisis: A Case of Minskian Instability?" [PDF]
The so-called credit crunch of 1966 has long been recognized as the first significant postwar financial crisis and one that required the first important intervention by the Federal Reserve Bank. In the midst of the robust postwar expansion, the Fed began
L. Randall Wray
core

