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The Effect of Debt Commitments on Friability of Banking System: (Experience of the Islamic Banks in the Recent Financial Crisis)

Vahab Ghelich, Mahdi Taghavi and Mohsen Khodabaksh

Journal of Monetary and Banking Research (فصلنامه پژوهش‌های پولی-بانکی), 2011, vol. 3, issue 8, 121-154

Abstract: The nature of capitalism، According to Minsky، makes the debt commitments diverge from their equilibrium amount over time and the growth of debts and vast reduction of safety margins are the main reason of friability of financial System. It is obvious that this trend gradually increases deviation toward the big

Keywords: Debt Commitments; Financial Crisis; Islamic Banking; Minsky (search for similar items in EconPapers)
Date: 2011
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