The Financial Instability Hypothesis¶
Minsky, H. P. (1992). The Financial Instability Hypothesis.
Cited by¶
1 citation across 1 artifact.
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Mechanisms¶
- Leverage and Margin Limit
- By capping the borrowed layer, it directly answers the archetype's invariant that no participant should depend on indefinite appreciation to stay solvent, and it leans against the drift Minsky described, in which a long calm quietly pushes financing from prudent to speculative to outright Ponzi.
This sourceDescribes financial instability as a drift during prolonged prosperity from hedge finance toward speculative and Ponzi finance.
- By capping the borrowed layer, it directly answers the archetype's invariant that no participant should depend on indefinite appreciation to stay solvent, and it leans against the drift Minsky described, in which a long calm quietly pushes financing from prudent to speculative to outright Ponzi.
Verification¶
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Registry ID ref:1413dcbe8f46 · see in the full table