Bericht
Minsky's cushions of safety: Systemic risk and the crisis in the US subprime mortgage market
In this brief, Senior Scholar Jan Kregel reviews Hyman P. Minsky's concept of financial fragility - in short, that the structure of a capitalist economy becomes more fragile over a period of prosperity - and concludes that the current crisis is in fact the result of insufficient margins of safety based on how creditworthiness is assessed in the new originate and distribute financial system.
- ISBN
-
978-1-931493-73-4
- Language
-
Englisch
- Bibliographic citation
-
Series: Public Policy Brief ; No. 93
- Classification
-
Wirtschaft
- Subject
-
Kreditrisiko
Bankenkrise
Finanzmarktkrise
Systemrisiko
USA
- Event
-
Geistige Schöpfung
- (who)
-
Kregel, Jan
- Event
-
Veröffentlichung
- (who)
-
Levy Economics Institute of Bard College
- (where)
-
Annandale-on-Hudson, NY
- (when)
-
2008
- Handle
- Last update
-
10.03.2025, 11:43 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
- Kregel, Jan
- Levy Economics Institute of Bard College
Time of origin
- 2008
Other Objects (12)
The financial innovation hypothesis: Schumpeter, Minsky and the sub-prime mortgage crisis
Minsky and the subprime mortgage crisis: The financial instability hypothesis in the era of financialization
Systemic risk in the financial sector: an analysis of the subprime-mortgage financial crisis
Understanding the securitization of subprime mortgage credit
How subprime borrowers and mortgage brokers shared the pie
Second chances: Subprime mortgage modification and re-default
Financing constraints, employment, and labor compensation: evidence from the subprime mortgage crisis
Systematic and liquidity risk in subprime-mortgage backed securities
How smart are investors after the subprime mortgage crisis? Evidence from the securitization market
The effect of large investors on asset quality: Evidence from subprime mortgage securities
A perspective on Minsky moments: The core of the financial instability hypothesis in light of the subprime crisis
Financialization of the U.S. household sector: The "subprime mortgage crisis" in U.S. and global perspective
The financial innovation hypothesis: Schumpeter, Minsky and the sub-prime mortgage crisis
Minsky and the subprime mortgage crisis: The financial instability hypothesis in the era of financialization
Systemic risk in the financial sector: an analysis of the subprime-mortgage financial crisis
Understanding the securitization of subprime mortgage credit
How subprime borrowers and mortgage brokers shared the pie
Second chances: Subprime mortgage modification and re-default
Financing constraints, employment, and labor compensation: evidence from the subprime mortgage crisis
Systematic and liquidity risk in subprime-mortgage backed securities
How smart are investors after the subprime mortgage crisis? Evidence from the securitization market
The effect of large investors on asset quality: Evidence from subprime mortgage securities
A perspective on Minsky moments: The core of the financial instability hypothesis in light of the subprime crisis
Financialization of the U.S. household sector: The "subprime mortgage crisis" in U.S. and global perspective
The financial innovation hypothesis: Schumpeter, Minsky and the sub-prime mortgage crisis
Minsky and the subprime mortgage crisis: The financial instability hypothesis in the era of financialization
Systemic risk in the financial sector: an analysis of the subprime-mortgage financial crisis
Understanding the securitization of subprime mortgage credit
How subprime borrowers and mortgage brokers shared the pie
Second chances: Subprime mortgage modification and re-default
Financing constraints, employment, and labor compensation: evidence from the subprime mortgage crisis
Systematic and liquidity risk in subprime-mortgage backed securities
How smart are investors after the subprime mortgage crisis? Evidence from the securitization market
The effect of large investors on asset quality: Evidence from subprime mortgage securities
A perspective on Minsky moments: The core of the financial instability hypothesis in light of the subprime crisis