Wray, L. Randall (contributor) - 2007
This paper uses Hyman P. Minsky’s approach to analyze the current international financial crisis, which was initiated … trend toward securitization of home mortgages. This paper identifies the causes and consequences of the financial …, appraisers, borrowers, securitizers, insurers, and regulatorsin creating the crisis. Finally, it proposes short-run solutions to …