Artikel
Financialisation and the sub-prime crisis: a stock-flow consistent model
Our opinion is that the so-called sub-prime mortgage crisis has been a structural crisis of the US's financial capitalism. In analysing the complex combination of factors that led to those events, we try not to focus on the most contingent aspects but to clarify the underlying structure that made the crisis endogenously emerge from the US's economic system. To reach this goal, we base our analysis on existing economic theories. In particular, the combination of the Financial Instability Hypothesis by Hyman Minsky, the theory of Capital Market Inflation by Jan Toporowski, and the post-Keynesian literature on financialisation represent the foundation of our analysis. The results of our analysis will then be reproduced through a simulated stock-flow consistent model to test their logical coherence.
- Language
-
Englisch
- Bibliographic citation
-
Journal: European Journal of Economics and Economic Policies: Intervention (EJEEP) ; ISSN: 2052-7772 ; Volume: 12 ; Year: 2015 ; Issue: 1 ; Pages: 73-92
- Classification
-
Wirtschaft
General Aggregative Models: Keynes; Keynesian; Post-Keynesian
Prices, Business Fluctuations, and Cycles: Forecasting and Simulation: Models and Applications
Banks; Depository Institutions; Micro Finance Institutions; Mortgages
- Subject
-
Minsky
stock-flow consistent
financialisation
banks
- Event
-
Geistige Schöpfung
- (who)
-
Caverzasi, Eugenio
Godin, Antoine
- Event
-
Veröffentlichung
- (who)
-
Edward Elgar Publishing
- (where)
-
Cheltenham
- (when)
-
2015
- DOI
-
doi:10.4337/ejeep.2015.01.07
- Handle
- Last update
-
10.03.2025, 11:46 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Artikel
Associated
- Caverzasi, Eugenio
- Godin, Antoine
- Edward Elgar Publishing
Time of origin
- 2015
Other Objects (12)
Profiteering from the Dot-com Bubble, Sub-Prime Crisis and Asian Financial Crisis
The financial innovation hypothesis: Schumpeter, Minsky and the sub-prime mortgage crisis
Currency mismatch and the sub-prime crisis: Firm-level stylised facts from Hungary
Making sense of the subprime crisis
Making sense of the subprime crisis
Morality and economic crisis : Enron, Subprime & Co.
Financial production and the subprime mortgage crisis
Post-Keynesian stock-flow models after the subprime crisis: the need for micro-foundations
Towards an economic sociology of the subprime crisis?
Subprime Impact Crisis. Bibliotheken, Politik und digitale Souveränität
Towards an economic sociology of the subprime crisis?
Subprime facts: What (we think) we know about the subprime crisis and what we don't
Profiteering from the Dot-com Bubble, Sub-Prime Crisis and Asian Financial Crisis
The financial innovation hypothesis: Schumpeter, Minsky and the sub-prime mortgage crisis
Currency mismatch and the sub-prime crisis: Firm-level stylised facts from Hungary
Making sense of the subprime crisis
Making sense of the subprime crisis
Morality and economic crisis : Enron, Subprime & Co.
Financial production and the subprime mortgage crisis
Post-Keynesian stock-flow models after the subprime crisis: the need for micro-foundations
Towards an economic sociology of the subprime crisis?
Subprime Impact Crisis. Bibliotheken, Politik und digitale Souveränität
Towards an economic sociology of the subprime crisis?
Subprime facts: What (we think) we know about the subprime crisis and what we don't
Profiteering from the Dot-com Bubble, Sub-Prime Crisis and Asian Financial Crisis
The financial innovation hypothesis: Schumpeter, Minsky and the sub-prime mortgage crisis
Currency mismatch and the sub-prime crisis: Firm-level stylised facts from Hungary
Making sense of the subprime crisis
Making sense of the subprime crisis
Morality and economic crisis : Enron, Subprime & Co.
Financial production and the subprime mortgage crisis
Post-Keynesian stock-flow models after the subprime crisis: the need for micro-foundations
Towards an economic sociology of the subprime crisis?
Subprime Impact Crisis. Bibliotheken, Politik und digitale Souveränität
Towards an economic sociology of the subprime crisis?