Minsky and Dynamic Macroprudential Regulation
Jan Kregel
Economics Public Policy Brief Archive from Levy Economics Institute
Abstract:
In the context of current debates about the proper form of prudential regulation and proposals for the imposition of liquidity and capital ratios, Senior Scholar Jan Kregel examines Hyman Minsky's work as a consultant to government agencies exploring financial regulatory reform in the 1960s. As Kregel explains, this often-overlooked early work, a precursor to Minsky's "financial instability hypothesis"(FIH), serves as yet another useful guide to explaining why regulation and supervision in the lead-up to the 2008 financial crisis were flawed—and why the approach to reregulation after the crisis has been incomplete.
Date: 2014-04
New Economics Papers: this item is included in nep-ban, nep-hpe and nep-pke
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Citations: View citations in EconPapers (11)
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Journal Article: Minsky and dynamic macroprudential regulation (2014) 
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Persistent link: https://EconPapers.repec.org/RePEc:lev:levppb:ppb_131
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