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
- Sprache
-
Englisch
- Erschienen in
-
Series: Public Policy Brief ; No. 93
- Klassifikation
-
Wirtschaft
- Thema
-
Kreditrisiko
Bankenkrise
Finanzmarktkrise
Systemrisiko
USA
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Kregel, Jan
- Ereignis
-
Veröffentlichung
- (wer)
-
Levy Economics Institute of Bard College
- (wo)
-
Annandale-on-Hudson, NY
- (wann)
-
2008
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Bericht
Beteiligte
- Kregel, Jan
- Levy Economics Institute of Bard College
Entstanden
- 2008
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