Minsky Moment Meaning Hyman Quotes Example Phases
Minsky Moment Meaning The phrase derived from the American Economist Hyman Philip Minsky’s academic works is first used by the American Economist Paul Allen McCulley to interpret Russia’s financial crisisFinancial CrisisThe term “financial crisis” refers to a situation in which the market’s key financial assets experience a sharp decline in market value over a relatively short period of time, or when leading businesses are unable to pay their enormous debt, or when financing institutions face a liquidity crunch and are unable to return money to depositors, all of which cause panic in the capital markets and among investors....