Is the current financial distress caused by the subprime mortgage crisis a Minsky moment? or is it the result of attempting to securitize illiquid noncommercial mortgage loans?

Journal of Post Keynesian Economics

Volumn 30, Issue 4, 2008, Pages 669-676

  Davidson, Paul ^a  

^a NEW SCHOOL FOR SOCIAL RESEARCH   (United States)

Author keywords

Financial fragility; Illiquidity; Insolvency; Mortgage backed assets; Securitization

Indexed keywords

EID: 47949102875     PISSN: 01603477     EISSN: None     Source Type: Journal    
DOI: 10.2753/PKE0160-3477300409     Document Type: Review

References (5)

1. Davidson, P. John Maynard Keynes. New York and London: Palgrave/Macmillan, 2007.
2. _. "How to Solve the U.S. Housing Problem and Avoid a Recession: A Revived HOLC and RTC." Schwartz Center for Economic Policy Analysis Policy Note, New School, New York, January 2008.
3. Minsky, H.P. Stabilizing an Unstable Economy. New Haven. Yale University Press, 1986.
4. _. "The Financial Instability Hypothesis." Working Paper no. 74, Jerome Levy Economics Institute, Annandale-on-Hudson, New York, 1992.
5. Papadimitriou, D.B., and Wray, L.R. "Minsky's Analysis of Financial Capitalism." Working Paper no. 275, Jerome Levy Economics Institute, Annandale-on-Hudson, New York, 1999.