Chris Jefferis

The Dialectics of Liquidity Crisis

An interpretation of explanations of the financial crisis of 2007-08

• Broschiertes Buch

Produktbeschreibung

This book analyses the logic of applying the American Post-Keynesian economist Hyman Minsky's Financial Instability Hypothesis (FIH) to the financial crisis of 2007-08. In conducting a historicizing critique of Minsky's work this book seeks to illustrate how the abstraction of financial "risk" which conditions trade in financial instruments such

Produktdetails

• Verlag: Taylor & Francis
• Seitenzahl: 148
• Erscheinungstermin: 30. September 2021
• Englisch
• Abmessung: 234mm x 156mm x 8mm
• Gewicht: 218g
• ISBN-13: 9781032179216
• ISBN-10: 103217921X
• Artikelnr.: 62575022

Autorenporträt

Chris Jefferis is post-doctoral research fellow in the Department of Political Science at Freie Universität's John F. Kennedy Institute for North American Studies. He is also a joint recipient of an Institute for New Economic Thinking (INET) research grant analysing 'Financial Innovation and Central Banking in China: A Money View'.

Inhaltsangabe

1. Introduction: historicizing economic theories of financial crisis
2. Minsky in context: a critique of "liquidity crisis" as an explanatory
concept
3. Minsky contrary to Monetarism
4. Liquidity and abstraction
5. Arbitrage as a historical structure shaping the US financial system
6. Sociological interlude: calculation or commensuration
7. Recent financial instability in the US mortgage market: the three phases
of risk
8. Economics, regulation and capital: an assessment of some proposed
reforms
9. Conclusion
10. Bibliography