posit that the escalating financial fragility in this cycle is a more appropriate interpretation of the Minskian financial … destabilizes the economy. If the instability occurs at the point of fragility, then the economy may deteriorate into financial … crisis. Fragility then becomes instability. …

How do real interest rates affect financial fragility? We study this issue in a model in which bank borrowing is … borrowing, both of which influence bank fragility in opposite directions. Thus, the marginal impact of changes to the interest … rate on bank fragility depends on the level of the interest rate. Finally, we derive testable implications that may guide …

that there is no significant relationship between financial literacy and financial fragility, neither between financial … literacy and financial stress, so a better financial education will not lower financial fragility and stress unless it is being …

How do real interest rates affect financial fragility? We study this issue in a model in which bank borrowing is … borrowing, both of which influence bank fragility in opposite directions. Thus, the marginal impact of changes to the interest … rate on bank fragility depends on the level of the interest rate. Finally, we derive testable implications that may guide …

I examine the financial fragility of German households during the second wave of COVID-19 infections in the winter of …: Financial literacy is associated with lower financial fragility and appears to mitigate the negative consequences of income …