Minsky meets Brazil by Felipe Rezende published by New Economic Perspectives (8/2016). “To sum up, key policy makers failed to see the obvious. U.S. demand, financed by the deregulated US financial system and shadow banking institutions, made trade the engine of global growth and the rest of the world responded by adopting policies of export-led growth. In Minsky Meets Brazil Part II, we’ll look at how to identify the rise in financial fragility and declining cushions of safety in the Brazilian.” – and Minsky Meets Brazil Part III will focus on macroeconomic and microeconomic aspects to financial fragility and provision for liquidity…” –
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