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What Should a Financial System Do? Minskian Lessons from the Global Financial Crisis

In: The Global Financial Crisis

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  • L. Randall Wray

Abstract

The Global Financial Crisis is a unique investigation into the causes of the most savage economic downturn experienced since the Great Depression. Employing wide and divergent perspectives – which are themselves critically examined – this study analyses the measures that have been taken to restore our economies to acceptable rates of unemployment and growth.

Suggested Citation

  • L. Randall Wray, 2011. "What Should a Financial System Do? Minskian Lessons from the Global Financial Crisis," Chapters,in: The Global Financial Crisis, chapter 13 Edward Elgar Publishing.
  • Handle: RePEc:elg:eechap:14454_13
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    File URL: https://www.elgaronline.com/view/9780857934222.00020.xml
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    References listed on IDEAS

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    1. Hyman P. Minsky & Charles J. Whalen, 1996. "Economic Insecurity and the Institutional Prerequisites for Successful Capitalism," Economics Working Paper Archive wp_165, Levy Economics Institute.
    2. L. Randall Wray, 2009. "The rise and fall of money manager capitalism: a Minskian approach," Cambridge Journal of Economics, Oxford University Press, vol. 33(4), pages 807-828, July.
    3. Martin Mayer, 2010. "The Spectre of Banking," Economics One-Pager Archive op_3, Levy Economics Institute.
    4. Hyman P. Minsky & Dimitri B. Papadimitriou & Ronnie J. Phillips & L. Randall Wray, "undated". "Community Development Banking, A Proposal to Establish a Nationwide System of Community Development Banks," Economics Public Policy Brief Archive 3, Levy Economics Institute.
    5. repec:mes:postke:v:19:y:1996:i:2:p:155-170 is not listed on IDEAS
    6. Jan Kregel, 2008. "Minsky’s Cushions of Safety: Systemic Risk and the Crisis in the U.S. Subprime Mortgage Market," Economics Public Policy Brief Archive ppb_93, Levy Economics Institute.
    7. Ronnie Phillips, 1992. "The 'Chicago Plan' and New Deal Banking Reform," Economics Working Paper Archive wp_76, Levy Economics Institute.
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    Keywords

    Economics and Finance;

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