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A Minsky Moment, or Not?

2010
The financial crisis has been billed a ‘Minsky moment’ in the mainstream media, turning Hyman P. Minsky into a household name. One would think that this was at long last Minsky’s moment of posthumous vindication, and in a way it was. However, a couple of post-Keynesian luminaries, Paul Davidson and Jan Kregel have raised questions as to whether the ...
Korkut Ertürk, Gökcer Özgür
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Minsky in the Shadows

Review of Radical Political Economics, 2013
One of the many lingering questions posed by the continuing meltdown of global finance concerns the role of securitization and the so-called shadow banking system in amplifying the scope of the crisis. As the crisis has revealed, a crucial function of many shadow financial units such as special purpose vehicles (SPVs) has been to ...
Anastasia Nesvetailova, Ronen Palan
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Quantifying Minsky Cycles

We develop a novel sentiment measure from survey forecasts that captures the component of beliefs arising from the systematic misaggregation of public information relative to a machine benchmark based on the same information set. We extend this sentiment measure historically for a panel of 78 countries using machine learning models trained on BERT ...
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The Relevance of Hyman Minsky [PDF]

Challenge, 1997
The highly regarded economist Hyman Minsky died late last year. His work, however, has never been more relevant than it is today. Robert Pollin offers this summary of his contribution.
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Minsky l'hérétique

L Economie politique, 2016
Resume A l'occasion de la traduction en francais de Stabiliser une economie instable, d'Hyman P. Minsky, Andre Orlean evoque l'importance de cet economiste isole qui, a rebours de l'orthodoxie ambiante, n'a cesse de nous mettre en garde contre les forces destabilisatrices de la finance.
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Was it really a Minsky moment?

Journal of Post Keynesian Economics, 2011
In a Minskian world, the "moment" occurs after a cumulative process toward financial instability. Minsky argued that during a sustained boom, an upward revision of profit expectations should lead to higher leverage ratios and greater risk taking. In this article, I investigate whether the balance sheet of the nonfinancial corporate sector, which plays ...
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It's Not a Minsky Moment, It's a Minsky Era, Or: Inevitable Instability [PDF]

Econ Journal Watch, 2015
The paper aims to expose economists at large to the work of Hyman Minsky. The popular term ‘Minsky Moment’ is somewhat misleading, for he perceived not a moment but an era of instability and governmental management at the brink of crisis. His model incorporates explicitly money and the behavior of banks and other financial institutions.
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Minsky and Modern Finance

The Journal of Portfolio Management, 2000
Economic theory offers us two ways of understanding the events of Fall 1998: the banking approach (here associated with Minsky), and the finance approach (here associated with Merton, Scholes, and the firm Long Term Capital Management). The main lesson of the LTCM experience is that the modern theory of asset pricing (the finance approach) is ...
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Re-thinking the Liquid Core of Capitalism with Hyman Minsky

Theory, Culture and Society, 2022
Martijn Könings, Lisa Adkins
exaly  

Minsky, Crisis and Development

2010
This book provides a systematic account of financial crisis in the developing world by exploring how Minsky's theory may be extended to countries at early stages of financial development, going beyond the parameters of the established 'emerging market crisis' literature.
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