Skepticism About Minsky's Financial Instability Hypothesis: A Comment on Flanders

June Flanders (2015) provides a useful introduction to Hyman Minsky’s views on banking and macroeconomics. Minsky’s “financial instability hypothesis” (FIH) basically says that debt-based intermediation does not enable intertemporal equilibrium but rather self-generates boom and bust even in the absence of government intervention. The theory and history of banking cast doubt on the FIH.

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Year of publication:	2015
Authors:	White, Lawrence H.
Published in:	Econ Journal Watch. - Economics Department. - Vol. 12.2015, 1, p. 106-113
Publisher:	Economics Department
Subject:	Hyman Minsky \| monetary institutions \| Friedrich Hayek \| financial instability hypothesis \| free banking

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Extent:	application/pdf text/html
Type of publication:	Article
Classification:	B3 - History of Thought: Individuals ; E00 - Macroeconomics and Monetary Economics. General ; E3 - Prices, Business Fluctuations, and Cycles ; E4 - Money and Interest Rates ; E5 - Monetary Policy, Central Banking and the Supply of Money and Credit
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011152481