Minsky and dynamic macroprudential regulation
In the context of current debates about the proper form of prudential regulation and proposals for the imposition of liquidity and capital ratios, the paper examines Hyman Minsky’s work as a consultant to government agencies exploring financial regulatory reform in the 1960s. As the author explains...
| Main Author: | |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Associazione Economia civile
2014-07-01
|
| Series: | PSL Quarterly Review |
| Subjects: | |
| Online Access: | https://rosa.uniroma1.it/rosa04/psl_quarterly_review/article/view/12465 |
| _version_ | 1811172324094771200 |
|---|---|
| author | Jan Kregel |
| author_facet | Jan Kregel |
| author_sort | Jan Kregel |
| collection | DOAJ |
| description |
In the context of current debates about the proper form of prudential regulation and proposals for the imposition of liquidity and capital ratios, the paper examines Hyman Minsky’s work as a consultant to government agencies exploring financial regulatory reform in the 1960s. As the author explains, this often-overlooked early work, a precursor to Minsky’s “financial instability hypothesis”, serves as yet another useful guide to explaining why regulation and supervision in the lead-up to the 2008 financial crisis were flawed, and why the approach to reregulation after the crisis has been incomplete.
KEYWORDS: Banking supervision, Macroprudential Regulation, Financial instability hypothesis (FIH)
JEL CODES: G21, G01, G28
|
| first_indexed | 2024-04-10T17:28:05Z |
| format | Article |
| id | doaj.art-613ae740a29046ac807f9464c1e43631 |
| institution | Directory Open Access Journal |
| issn | 2037-3635 2037-3643 |
| language | English |
| last_indexed | 2024-04-10T17:28:05Z |
| publishDate | 2014-07-01 |
| publisher | Associazione Economia civile |
| record_format | Article |
| series | PSL Quarterly Review |
| spelling | doaj.art-613ae740a29046ac807f9464c1e436312023-02-03T16:50:58ZengAssociazione Economia civilePSL Quarterly Review2037-36352037-36432014-07-016726910.13133/2037-3643/12465Minsky and dynamic macroprudential regulationJan Kregel In the context of current debates about the proper form of prudential regulation and proposals for the imposition of liquidity and capital ratios, the paper examines Hyman Minsky’s work as a consultant to government agencies exploring financial regulatory reform in the 1960s. As the author explains, this often-overlooked early work, a precursor to Minsky’s “financial instability hypothesis”, serves as yet another useful guide to explaining why regulation and supervision in the lead-up to the 2008 financial crisis were flawed, and why the approach to reregulation after the crisis has been incomplete. KEYWORDS: Banking supervision, Macroprudential Regulation, Financial instability hypothesis (FIH) JEL CODES: G21, G01, G28 https://rosa.uniroma1.it/rosa04/psl_quarterly_review/article/view/12465anking supervisionMacroprudential RegulationFinancial instability hypothesis (FIH) |
| spellingShingle | Jan Kregel Minsky and dynamic macroprudential regulation PSL Quarterly Review anking supervision Macroprudential Regulation Financial instability hypothesis (FIH) |
| title | Minsky and dynamic macroprudential regulation |
| title_full | Minsky and dynamic macroprudential regulation |
| title_fullStr | Minsky and dynamic macroprudential regulation |
| title_full_unstemmed | Minsky and dynamic macroprudential regulation |
| title_short | Minsky and dynamic macroprudential regulation |
| title_sort | minsky and dynamic macroprudential regulation |
| topic | anking supervision Macroprudential Regulation Financial instability hypothesis (FIH) |
| url | https://rosa.uniroma1.it/rosa04/psl_quarterly_review/article/view/12465 |
| work_keys_str_mv | AT jankregel minskyanddynamicmacroprudentialregulation |