The Financial Innovation Hypothesis: Schumpeter, Minsky and the sub-prime mortgage crisis
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- Eugenio Caverzasi & Daniele Tori, 2018. "The Financial Innovation Hypothesis: Schumpeter, Minsky and the sub-prime mortgage crisis," Working Papers PKWP1815, Post Keynesian Economics Society (PKES).
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- Giancarlo Bertocco & Andrea Kalajzić, 2019. "A Keynes + Schumpeter model to explain development, speculation and crises," Working Papers PKWP1916, Post Keynesian Economics Society (PKES).
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More about this item
Keywords
Minsky; Schumpeter; securitization; financial firms; Great Financial Crisis;All these keywords.
JEL classification:
- B52 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Historical; Institutional; Evolutionary; Modern Monetary Theory;
- G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
- O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
NEP fields
This paper has been announced in the following NEP Reports:- NEP-FDG-2018-11-26 (Financial Development and Growth)
- NEP-HME-2018-11-26 (Heterodox Microeconomics)
- NEP-INO-2018-11-26 (Innovation)
- NEP-PAY-2018-11-26 (Payment Systems and Financial Technology)
- NEP-PKE-2018-11-26 (Post Keynesian Economics)
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