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Journals / Eskişehir Osmangazi Üniversitesi Sosyal Bilimler Dergisi / 2009 / Cilt: 10 - Sayı: 1

The global financial crisis in the context of financial instability hypothesis

Finansal istikrarsızlık hipotezi bağlamında global finansal kriz

Ali ŞEN
Hüseyin ALTAY
Pages
163–179
Publication Date
2022-10-18
DOI
—
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AI Summary & Key Takeaways

AI Insight
⚡ TL;DR(Too Long; Didn't Read)

However, it is impossible to prevent financial instabilities only by regulatory and supervisory policies.

📌 3 Key Takeaways

🎯
Objective & Hypothesis:According to Hyman Minsky’s financial instability hypothesis, the cause of financial instability is financial stability.
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Key Findings & Data:In the financial stability periods excess optimistic expectations have increased the borrowing and thus caused the financial fragility.
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Conclusion & Impact:However, it is impossible to prevent financial instabilities only by regulatory and supervisory policies.
🔬Design:Research Article
📍Scope:Comprehensive Sample
⚙️Variables:Domain Parameters

Abstract

According to Hyman Minsky’s financial instability hypothesis, the cause of financial instability is financial stability. This paper examines whether global financial crisis is driven by financial stability. The paper also analyzes whether financial instability can only be prevented by the regulatory and supervisory policies and institutions. In the financial stability periods excess optimistic expectations have increased the borrowing and thus caused the financial fragility. However, it is impossible to prevent financial instabilities only by regulatory and supervisory policies.

Özet

Hyman Minsky’nin finansal istikrarsızlık hipotezine göre, finansal istikrarsızlığın nedeni finansal istikrardır. Bu makale, global finansal krizin kaynağının finansal istikrar olup olmadığını incelemektedir. Ayrıca çalışma, düzenleyici ve denetleyici politikaların ve kurumların tek başına finansal istikrarsızlığı engelleyip engelleyemediğini de analiz etmektedir. Finansal istikrar dönemlerinde aşırı iyimser beklentiler, borçlanmayı arttırmakta ve finansal kırılganlığa neden olmaktadır. Bununla beraber sadece düzenleyici ve denetleyici politikalarla finansal istikrarsızlığı önlemek mümkün değildir.

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Cite This Article

ŞEN, A., ALTAY, H. (2022). The global financial crisis in the context of financial instability hypothesis. Eskişehir Osmangazi Üniversitesi Sosyal Bilimler Dergisi, Cilt: 10 - Sayı: 1, 163–179. https://ajindex.com/articles/506102

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