Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/121991
Authors: 
Kregel, Jan
Year of Publication: 
2014
Series/Report no.: 
Public Policy Brief, Jerome Levy Economics Institute of Bard College 131
Abstract: 
In the context of current debates about the proper form of prudential regulation and proposals for the imposition of liquidity and capital ratios, Senior Scholar Jan Kregel examines Hyman Minsky's work as a consultant to government agencies exploring financial regulatory reform in the 1960s. As Kregel explains, this often-overlooked early work, a precursor to Minsky's "financial instability hypothesis" (FIH), 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.
ISBN: 
978-1-936192-36-6
Document Type: 
Research Report

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