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Social Sciences x Financial Institutions and Services x Macroeconomics: Consumption, Saving, Production, Employment, and Investment x General Aggregative Models x clear all

Why the subprime crisis is different: a Minskyian approach

Gary A. Dymski.

in Cambridge Journal of Economics

March 2010; p ublished online December 2009 .

Journal Article. Subjects: Financial Regulation; Macroeconomics: Consumption, Saving, Production, Employment, and Investment; General Aggregative Models; Prices, Business Fluctuations, and Cycles; Banking. 7388 words.

Minsky's financial-instability model suggests that financial crises can be resolved efficiently with lender-of-last-resort and big-government interventions. The crisis that began in 2007...

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