Volltext herunterladen
(externe Quelle)
Zitationshinweis
Bitte beziehen Sie sich beim Zitieren dieses Dokumentes immer auf folgenden Persistent Identifier (PID):
https://doi.org/10.1016/j.ruje.2016.02.005
Export für Ihre Literaturverwaltung
Hyman Minsky's financial instability hypothesis and the Greek debt crisis
[Zeitschriftenartikel]
Abstract This article attempts to analyze the current debt crisis in Greece based on the financial instability hypothesis developed by Hyman Minsky. This article shows that the hypothesis provides an understanding of how an economy endogenously becomes "financially fragile" and thus prone to crises. The auth... mehr
This article attempts to analyze the current debt crisis in Greece based on the financial instability hypothesis developed by Hyman Minsky. This article shows that the hypothesis provides an understanding of how an economy endogenously becomes "financially fragile" and thus prone to crises. The authors analyze how public and private sector behavior in the Greek economy led to the country's debt crisis. In particular, based on a sample of 36 Greek companies, the authors show that between 2001 and 2014, the majority of those companies had switched to fragile financial structures. Special attention is devoted to the negative consequences of applying the neoclassical doctrine of "austerity measures" in Greece as the principal "anti-crisis" concept of mainstream economic science.... weniger
Thesaurusschlagwörter
Griechenland; Staatsverschuldung; Sparpolitik
Klassifikation
Volkswirtschaftslehre
Freie Schlagwörter
financial instability hypothesis; Minsky, Hyman; Post-Keynesianism; financial fragility; Greek crisis; austerity measures
Sprache Dokument
Englisch
Publikationsjahr
2015
Seitenangabe
S. 419-438
Zeitschriftentitel
Russian Journal of Economics, 1 (2015) 4
ISSN
2618-7213
Status
Veröffentlichungsversion; begutachtet
Lizenz
Creative Commons - Namensnennung, Nicht kommerz., Keine Bearbeitung 4.0