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OverviewThe book studies the trends that led to the worst financial crisis since the Great Depression, as well as the unfolding of the crisis, in order to provide policy recommendations to improve financial stability. The book starts with changes in monetary policy and income distribution from the 1970s. These changes profoundly modified the foundations of economic growth in the US by destroying the commitment banking model and by decreasing the earning power of households whose consumption has been at the core of the growth process. The main themes of the book are the changes in the financial structure and income distribution, the collapse of the Ponzi process in 2007, and actual and prospective policy responses. The objective is to show that Minsky’s approach can be used to understand the making and unfolding of the crisis and to draw some policy implications to improve financial stability. Full Product DetailsAuthor: Eric Tymoigne (Lewis & Clark College, USA) , L. Randall Wray (University of Missouri, Kansas City, USA)Publisher: Taylor & Francis Ltd Imprint: Routledge Weight: 0.453kg ISBN: 9781138650169ISBN 10: 1138650161 Pages: 300 Publication Date: 21 January 2016 Audience: College/higher education , Tertiary & Higher Education , Undergraduate Format: Paperback Publisher's Status: Active Availability: In Print  This item will be ordered in for you from one of our suppliers. Upon receipt, we will promptly dispatch it out to you. For in store availability, please contact us. Table of ContentsIntroduction: The Growth of Financial Fragility and the Great Depression 1. The Minskian Framework 2. From Management Capitalism to Money Manager Capitalism 3. The Great Moderation and the Growth of Ponzi Finance 4. Policy Implications for Finance 5. Policy Implications for Employment Conclusion: The Minsky Half-CenturyReviewsAuthor InformationEric Tymoigne is Assistant Professor of Economics at Lewis and Clark College. His book Central Banking, Asset Prices, and Financial Fragility was published by Routledge in 2009. L. Randall Wray is a Professor of Economics at the University of Missouri-Kansas City. Tab Content 6Author Website:Countries AvailableAll regions |
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