Minsky, Crisis and Development

Cover......Page 1
Contents......Page 6
List of Tables......Page 8
List of Figures......Page 10
List of Acronyms......Page 13
Notes on Contributors......Page 15
Introduction......Page 20
Part I: Minsky Today......Page 32
1 Minsky Moments, Russell Chickens and Grey Swans: The Methodological Puzzles of Financial Instability Analysis......Page 34
2 Transformation of the Financial System: Financialisation, Concentration and the Shift to Shadow Banking......Page 51
3 Linking Financial Globalisation with Financial Exclusion via a Minskyan Bridge......Page 69
4 Magdoff-Sweezy, Minsky and the Real Subsumption of Labour to Finance......Page 96
5 Reclaimed by the Mainstream? Hyman Minsky and the Global Credit Crunch......Page 109
6 A Minsky Perspective on the Global Recession of 2009......Page 125
7 Macroeconomic Imbalances in the United States and their Impact on the International Financial System......Page 146
Part II: Minsky and Development......Page 162
8 Minsky, Financial Structure and Economic Development......Page 164
9 Minsky’s Financial Instability Hypothesis in the New Financial Institutional Framework: What are the Lessons for Developing Countries?......Page 174
10 Money Manager Capitalism in Primary Commodity-Dependent Developing Countries......Page 187
11 Minsky au Vietnam: State Corporations, Financial Instability and Industrialisation......Page 207
12 Financial Stability: The Significance and Distinctiveness of Islamic Banking in Malaysia......Page 226
13 Ponzi from the Start: The Human Cost of Financial Instability in Latvia......Page 264
Part III: Minsky and Crises in the Emerging Markets......Page 276
14 Financial Crises in an Asian Transitional Economy: The Case of Mongolia......Page 278
15 Speculative Financial Behaviour and Financial Fragility in Developing Countries: The Case of Argentina 1992–2001......Page 294
16 Dealing with Financial Crises the Latin American Way: The Argentinean, Brazilian and Mexican Experiences......Page 313
17 The Role of Banks in the Korean Financial Crisis of 1997: An Interpretation Based on the Financial Instability Hypothesis......Page 321
18 Minsky and Indonesia: Revisiting the Indonesian Crisis by Financial Instability Hypothesis......Page 337
Index......Page 355