Highlights the major empirical questions and issues facing Post Keynesian economics. Featuring contributions by Post Keynesian economists, this text focuses on public policy and real-life analysis of the economic theory. It is of interest to upper-level undergraduate and graduat…
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"This book provides a systematic account of financial crisis in the developing world by exploring how Minsky's theory may be extended to countries at early stages of financial development, going beyond the parameters of the established "emerging market crisis" literature"--
Hyman Minsky’s Financial Instability Hypothesis is used to construct two different indices for financial instability: a long-term index (Long Term Financial Instability) and a short-term index (Short Term Financial Instability). The former focuses on the underlying fragility of …