Narrow search
Showing 1 - 10 of 49,957
Cover Image
A contribution to the theory of financial fragility and crisis
Bhaduri, Amit - 2010
The paper examines three aspects of a financial crisis of domestic origin. The first section studies the evolution of a debt-financed consumption boom supported by rising asset prices, leading to a credit crunch and fluctuations in the real economy, and, ultimately, to debt deflation. The next...
Persistent link: https://www.econbiz.de/10003974885
Cover Image
A contribution to the theory of financial fragility and crisis
Bhaduri, Amit - 2010
Persistent link: https://www.econbiz.de/10003986024
Cover Image
A contribution to the theory of financial fragility and crisis
Bhaduri, Amit - In: Cambridge journal of economics 35 (2011) 6, pp. 995-1014
Persistent link: https://www.econbiz.de/10009381304
Cover Image
Household debt and housing bubble : a Minskian approach to boom-bust cycles
Ryoo, Soon - 2015
This paper examines macroeconomic dynamics of household debt and housing prices. Drawing on Minsky's insights into financial instability and cycles, our framework combines household debt dynamics with behavioral asset price dynamics in a Keynesian macro model. We show that endogenous boom-bust...
Persistent link: https://www.econbiz.de/10011522147
Cover Image
Household debt and housing bubbles : a Minskian approach to boom-bust cycles
Ryoo, Soon - In: Journal of evolutionary economics : JEE 26 (2016) 5, pp. 971-1006
Persistent link: https://www.econbiz.de/10011646486
Cover Image
A Contribution to the Theory of Financial Fragility and Crisis
Bhaduri, Amit - 2010
The paper examines three aspects of a financial crisis of domestic origin. The first section studies the evolution of a debt-financed consumption boom supported by rising asset prices, leading to a credit crunch and fluctuations in the real economy, and, ultimately, to debt deflation. The next...
Persistent link: https://www.econbiz.de/10013143561
Cover Image
On the neutrality of credit-driven asset bubbles
Reicher, Christopher Phillip - 2011
This paper proposes and tests a theory of credit-driven asset bubbles which are neutral in their real effects. When a … asset bubbles can form which exactly offset a bubble in household liabilities. Surprisingly, evidence from a VAR using long …-run restrictions supports the idea that asset bubbles are approximately neutral in their real effects before 2007. The evidence becomes …
Persistent link: https://www.econbiz.de/10008904609
Cover Image
Instability of financial markets as a cause of the global financial crisis : the Minsky moment
Gnjatović, Dragana; Jovancai, Ana - In: Megatrend review : the international review of applied … 7 (2010) 1, pp. 17-28
Persistent link: https://www.econbiz.de/10003990158
Cover Image
Financial innovation, the discovery of risk, and the U.S. credit crisis
Boz, Emine; Mendoza, Enrique G. - In: Journal of monetary economics 62 (2014), pp. 1-22
Persistent link: https://www.econbiz.de/10010437717
Cover Image
A political-economic critique of Minsky's financial instability hypothesis : the case of the 1966 financial crisis
Dickens, Edwin T. - In: Review of political economy 11 (1999) 4, pp. 379-398
Persistent link: https://www.econbiz.de/10001461379