Minsky Moments (Kregel)

Minsky moments and Minsky’s proposals for regulation of an unstable financial system by Jan Kregel. “The ensuring collapse of liquidity and implosion of the financial system was baptized the ‘Minsky Moment’ While Minsky spent much of his academic career warning of the inherent instability of financial markets, his analytical approach was based on the development of regulatory reforms that would be required to manage instability. It is thus paradoxical that his regulatory proposals have had so little impact in informing the debate on the necessary reform of the financial system…