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Showing 1 to 5 of 5 for “"Financial Instability Hypothesis"”.
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Confirmatory research of Minsky’s financial instability hypothesis for the 1945-2017 era
… equivalence for various outcomes. Following the Financial Crisis of 2008, a historical financial theory developed by American economist, Hyman Minsky, emerged as a prominent theory that can explain the root cause of all historical business cycles occurred after World War II. This theory was known …
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Foreign Savings, Financialization and Minsky: How External Capital Flows Pave the Way for Financial Instability in the Face of Increasing Risk
<p>Minsky's<em> Financial Instability Hypothesis</em> has not come without its fair share of criticism. Much ado about Minsky's endogenous business cycle theory stems from a model where boom-time profit opportunities indelibly encourage firms to finance investment by leveraging their fixed capital …
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Institutional and Structural Evolution of the U.S. Financial System 1945-2023: The Long-Wave Financial Cycle and the Role of Thwarting Mechanisms
… interactions that lead to episodes of severe financial instability. Adapting Minsky’s Financial Instability Hypothesis to the specific characteristics of financial intermediaries and building on Ferri and Minsky’s ideas regarding the role of thwarting institutions, I propose that financial …
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Essays on statistical economics with applications to financial market instability, limit distribution of loss aversion, and harmonic probability weighting functions
… probability model of "irrational exuberance "and financial market instability implied by index option prices. It is based on a behavioural empirical local Lyapunov exponent (BELLE) process we construct from micro-foundations of behavioural finance. It characterizes stochastic stability of …
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El sector financiero y su impacto en la economía real : una visión integral y un estudio específico
… financiera de la inversión de Minsky y su famosa Financial Instability Hypothesis, las cuales aportan ideas e intuiciones que constituyen pilares fundamentales del capítulo 4 de esta tesis. En el capítulo 4 se aborda una dimensión particular de la interacción financiero-real vinculada con la …