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This book explains what is behind the wave of increasingly frequent and severe financial crises since the 1980s. It links theoretical and policy misconceptions to explain, in plain words, why and how global finance needs fixing. Otherwise, the world may not withstand the next, even bigger,...
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Front Matter -- Copyright -- Contents -- List of tables -- List of contributors -- Preface -- Acknowledgments -- Part I: Financial instability after the global financial crisis: taxonomy and models -- 1. The Global Financial Crisis -- 2. Minsky's financial instability hypothesis -- 3. Financial...
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