Crisis takes readers from the overheated markets of 2007, through the collapse of investment banks and stressful times for numerous economies in 2008 and 2009, and on to a fragile recovery in New Zealand and the world since 2010. This updated edition also reveals how New Zealand grappled with...

Consistent with the Minsky hypothesis and the “volatility paradox” (Brunnermeier and Sannikov, 2014), recent empirical evidence suggests that financial crises tend to follow prolonged periods of financial stability and investor optimism. But does financial stability/tranquility always call...

Consistent with the Minsky hypothesis and the 'volatility paradox' (Brunnermeier and Sannikov,2014), recent empirical evidence suggests that financial crises tend to follow prolonged periods of financial stability and investor optimism. But does financial tranquility always call for more...