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A theory of Minsky super cycles and financial crises

Palley, Thomas I. - 2009

This paper argues that Hyman Minsky's financial instability hypothesis weaves together a medium term Keynesian approach … Schumpeter (1939) and Kondratieff. Post Keynesians have devoted considerable attention to the medium term dimension of Minsky …'s thinking. The current paper concentrates on the long swing dimension and introduces the idea of "Minsky super-cycles." It is …

Persistent link: https://www.econbiz.de/10003861625

Worker debt, default and diversity of financial fragility

Charpe, Matthieu; Flaschel, Peter - 2011

This paper presents a model addressing the conditions under which financial instability arises in the event of household debt. The model addresses two main cases. First, household debt is affected by functional income distribution. Second, household debt is affected by credit supply and depends...

Persistent link: https://www.econbiz.de/10009530398

Minsky's financial instability hypothesis and the leverage cycle

Bhattacharya, Sudipto; Goodhart, Charles A. E.; … - 2011

Persistent link: https://www.econbiz.de/10009487518

Financing the capital development of the economy : a Keynes-Schumpeter-Minsky synthesis

Mazzucato, Mariana; Wray, L. Randall - 2015

This paper discusses the role that finance plays in promoting the capital development of the economy, with particular emphasis on the current situation of the United States and the United Kingdom. We define both "finance" and "capital development" very broadly. We begin with the observation that...

Persistent link: https://www.econbiz.de/10010517057

A reconsideration of Minsky's financial instability hypothesis

Bhattacharya, Sudipto; Goodhart, Charles A. E.; … - In: Journal of money, credit and banking : JMCB 47 (2015) 5, pp. 931-973

Persistent link: https://www.econbiz.de/10011345117

Developing countries’ changing nature of financial integration and new forms of external vulnerability : the Brazilian experience

Kaltenbrunner, Annina; Painceira, Juan Pablo - In: Cambridge journal of economics 39 (2015) 5, pp. 1281-1306

Persistent link: https://www.econbiz.de/10011346013

Financing the capital development of the economy : a Keynes-Schumpeter-Minsky synthesis

Mazzucato, Mariana; Wray, L. Randall - 2015

, and to a range of other financial derivatives. Unlike J. A. Schumpeter, Hyman Minsky did not see the banker merely as the … attention to increasing funding of the innovation process. For that reason, we will look not only to Minsky’s ideas on the …

Persistent link: https://www.econbiz.de/10010530034

Options for China in a dollar standard world : a sovereign currency approach

Wray, L. Randall; Liu, Xinhua - 2014

This paper examines the fiscal and monetary policy options available to China as a sovereign currency-issuing nation operating in a dollar standard world. We first summarize a number of issues facing China, including the possibility of slower growth, global imbalances, and a number of domestic...

Persistent link: https://www.econbiz.de/10010228185

Financial, economic and social systems : French Regulation School, Social Structures of Accumulation and Post-Keynesian approaches compared

Hein, Eckhard; Dodig, Nina; Budyldina, Natalia - 2014

focus on the long-run views contained in Hyman Minsky's work, in particular. In our comparative assessment of these …

Persistent link: https://www.econbiz.de/10010242863

Theories of financial crises : an overview

Detzer, Daniel; Herr, Hansjörg - 2014

works of Keynes and the contributions of Minsky are of importance. Lastly, it is looked at the behavioural finance …

Persistent link: https://www.econbiz.de/10010242872