Financial Instability and Crisis
The Limits of Minsky’s Financial Instability Hypothesis as an Explanation of the Crisis
... the crisis fundamentally differently, tracing its ultimate roots back to developments within the real ...the crisis back to the adoption of the neoliberal growth model in the late 1970s and early 1980s when ...
29
Northern Ireland's Property Market Crisis: Insights from Minsky’s Financial Instability Hypothesis
... The financial crisis of 2007 has shown that standard mainstream macroeconomic models underpinned by general equilibrium theory fail to anticipate, explain and provide guidance on how to respond to such ...
25
The Financial Instability Hypothesis Applied to the 2007 Financial Crisis
... on financial instability published in 1964, Minsky introduces what he calls the cash box conditio : an economic unit where the entire economy must be sure to generate enough internal resources or to have ...
17
"A Perspective on Minsky Moments--The Core of the Financial Instability Hypothesis in Light of the Subprime Crisis"
... the financial instability hypothesis, as—we believe—in that of Minsky, a unit’s euphoria thus plays a nonessential but significant role in explaining financial instability in its dynamic and ...
30
"The 1966 Financial Crisis: A Case of Minskian Instability?"
... postwar financial crisis, and one that required the first important intervention by the Federal Reserve Bank to prevent spread of a ..."robust" financial system toward a "fragile" financial ...
12
Financial Stability and Instability Presented by the Example of Sub Prime Crisis
... of financial instability through the example of the crisis of the American mortgage market by hihglighting the main reasons and arguments that generated and kept up the ...
9
Debt crisis, fiscal austerity and the financial fragility and instability in the Greek economy
... two financial fragility indexes. The first pertains to the financial fragility of the government sector of a non- sovereign country; the second captures the financial fragility of the whole ...
28
The Current Financial Crisis, Monetary Policy, and Minsky's Structural Instability Hypothesis
... rent crisis (see Bellofiore and Halevi 2009; Davidson 2008; Kregel ...original financial instability hypothesis was developed in the historical climate of a growing economy with inflation ...the ...
17
Financial Integration at Times of Financial Instability
... Nevertheless, the analysis shows that the integration process of the equity market has been progressing in waves throughout this period. In the case of all the other markets the value of the sigma coefficient suggests ...
34
Financial integration at times of financial instability
... Sources: Authors’ calculation based on Thomson Reuters data. average. The exceptions were all the sigma coefficients for Hungary, which were not unambiguously falling during the pre-crisis period. The main reason ...
21
Financial instability and Necessity of regulation
... K EYWORDS : Crisis, financial stability, macroprudential policy, microprudential policy, financial system, financial instability. R ESUME : Bien qu’il n’existe pas de définition ...
20
The Intertwining of financialisation and financial instability
... and financial instability as a system of simultaneous joint data generating processes (estimated with Seemingly Unrelated Regressions) whose error terms are correlated and find that financialisation ...
23
Monetary easing and financial instability
... financial crisis of 2007-08, central banks in the Western economies have embarked upon the so-called unconventional monetary poli- ...the crisis by lowering the cost of capital for the real sector with the ...
51
Conference Summary: Financial Globalization and Financial Instability
... and financial stability, and for the development of more robust monetary policy frameworks that address challenges faced by emerging markets in the post-crisis ...
7
Economic and Financial Integration of CEECs: The Impact of Financial Instability
... the financial sound- ness indicators, proposed and used by the international financial institutions in assess- ing financial system soundness ...the financial instability ...
19
Financial Instability in Indonesia: Theories and Practices
... Asian crisis occurred in 1997/1998. This index has also captured the crisis episodes during the observation period, including the so-called mini-crisis of the domestic financial system in ...
292
The fiscal costs of financial instability revisited
... of financial instability is the change in the public debt ...of financial instability/financial crisis in industrialised countries and found that debt ratios increased ...
46
Essays on financial fragility, instability and the macroeconomy
... of financial fragility and instability have been at the core of Post Keynesian macroeconomics since the 1980s when Minsky’s ‘financial instability hypothesis’ began to gain popularity among ...
208
Cognition, market sentiment and financial instability
... true asset prices by which to judge actual prices, the role of conventional judgement, and the scope for that judgement to shift. Market sentiment plays a fundamental role in the valuation of assets, and can cause price ...
33
Financial Instability and Foreign Direct Investment
... and financial FDI is more ...and financial FDI have positive effects on each ...Asian crisis in the 90s, banks’ interest in entering the area was not driven by a DI/FC ...
396