"Financial Markets Meltdown: What Can We Learn from Minsky"

According to this new Public Policy Brief by Senior Scholar L. Randall Wray, the current crisis in financial markets can be traced back to securitization (the "originate and distribute" model), leverage, the demise of relationship-based banking, and the dizzying array of extremely complex instruments that--quite literally--only a handful understand.

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Year of publication:	2008-04
Authors:	Wray, L. Randall
Institutions:	Levy Economics Institute

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Extent:	application/pdf
Series:	Economics Public Policy Brief Archive.
Type of publication:	Book / Working Paper
Language:	English
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005209183