Is there a "Ricardian Vice"? And what is its relationship with economic policy ad"vice"? [PDF]
J Evol Econ, 2017 Kurz HD.
europepmc +1 more source
The foreclosure crisis in 2008: predatory lending or household overreaching? [PDF]
At least early in the financial crisis, the high rate of foreclosures seemed to be due more to households' overreaching than to predatory lending. A disproportionate number of those being foreclosed on were well-educated, well-off and relatively young ...
Deena Rorie +5 more
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"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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Lessons from the Asian Crisis: A Central Banker's Perspective [PDF]
This paper present a central banker's perspective on the Asian crisis. Central banks have two core missions: the pursuit of monetary policy to achieve broad macroeconomic objectives and the maintenance of financial stability, including the management of ...
Laurence H. Meyer
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"The Dismal State of Macroeconomics and the Opportunity for a New Beginning" [PDF]
The Queen of England famously asked her economic advisers why none of them had seen "it" (the global financial crisis) coming. Obviously, the answer is complex, but it must include reference to the evolution of macroeconomic theory over the postwar ...
L. Randall Wray
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"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 ...
Hyman P. Minsky
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"The Balance Sheet Approach to Financial Crises in Emerging Markets" [PDF]
This paper contrasts the conventional balance sheet approach to the analysis of economic disturbances in emerging markets with the alternative balance sheet approach that applies and extends Minsky's Financial Instability Hypothesis to (open) emerging ...
Giovanni Cozzi, Jan Toporowski
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Managing Financial Instability in Emerging Markets: A Keynesian Perspective [PDF]
The Keynesian analysis of financial stability as developed by Hyman Minsky, provides considerable insights into understanding the nature and dynamics of boom-bust cycles driven by international capital flows in emerging markets.
Yilmaz Akyuz
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Thwarting systems and institutional dynamics or how to stabilize an unstable economy [PDF]
In this contribution, it is shown that the ambivalence of institutional factors relatively to financial instability appears early in Minsky's first works, more precisely in the late fifties. The argument is developed in two main steps.
Eric Nasica
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