Wray, L. Randall (contributor) - 2007
, appraisers, borrowers, securitizers, insurers, and regulatorsin creating the crisis. Finally, it proposes short-run solutions to … the current crisis, as well as longer-run policy to prevent itʺ (a debt deflation) from happening again. -- Hymann Minsky …This paper uses Hyman P. Minsky’s approach to analyze the current international financial crisis, which was initiated …