Bericht
Financial markets meltdown: What can we learn from Minsky?
In this new Public Policy Brief, Senior Scholar L. Randall Wray explains today's complex and fragile financial system, and how the seeds of crisis were sown by lax oversight, deregulation, and risky innovations such as securitization. He estimates that the combined losses throughout the entire financial sector could amount to several trillion dollars, and that the United States will feel the effects of the crisis for some time - perhaps a decade or more. Wray recommends enhanced oversight of financial institutions, much larger stimulus packages, and creation of a new institution in line with President Franklin D. Roosevelt's Home Owners' Loan Corporation.
- ISBN
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978-1-931493-75-8
- Language
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Englisch
- Bibliographic citation
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Series: Public Policy Brief ; No. 94
- Classification
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Wirtschaft
- Event
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Geistige Schöpfung
- (who)
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Wray, L. Randall
- Event
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Veröffentlichung
- (who)
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Levy Economics Institute of Bard College
- (where)
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Annandale-on-Hudson, NY
- (when)
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2008
- Handle
- Last update
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10.03.2025, 11:42 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
- Bericht
Associated
- Wray, L. Randall
- Levy Economics Institute of Bard College
Time of origin
- 2008
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