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Fragile Finance: Debt, Speculation and Crisis in the Age of Global Credit (Palgrave Macmillan Studies in Banking and Financial Instiutuions)
Fragile Finance: Debt, Speculation and Crisis in the Age of Global Credit (Palgrave Macmillan Studies in Banking and Financial Instiutuions)
Date: 13 April 2011, 15:05
Product Description:
Fragile Finance inquires into the nature of financial crisis in the era of global credit. The book suggests that financial fragility today stems from an explosive combination of financial innovation, over-borrowing, and progressive illiquidity of financial structures. Drawing on the work of Hyman Minsky, the book examines the role played by these three factors in the events that defined the global financial system during the past decade, and draws on their implications for the emerging paradigm of a global financial architecture.

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