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The Resource The dialectics of liquidity crisis : an interpretation of explanations of the financial crisis of 2007-08, Chris Jefferis

The dialectics of liquidity crisis : an interpretation of explanations of the financial crisis of 2007-08, Chris Jefferis

Label
The dialectics of liquidity crisis : an interpretation of explanations of the financial crisis of 2007-08
Title
The dialectics of liquidity crisis
Title remainder
an interpretation of explanations of the financial crisis of 2007-08
Statement of responsibility
Chris Jefferis
Creator
Author
Subject
Language
eng
Summary
This book analyses the logic of applying the American Post-Keynesian economist Hyman Minsky's Financial Instability Hypothesis (FIH) to the financial crisis of 2007-08. Arguing that most theories of financial crisis, including Minsky's own, only describe events, but do not actually explain them, the book surveys theories of financial crisis that have been developed to describe instability in the post-WW2 US financial system and analyses them in their historical context. The book argues that explanation of the financial crisis of 2007-08 should involve interpretation of the concept of 'risk', which guides the construction and pricing of contemporary financial products such as derivatives and asset backed securities, as a form of 'liquidity', the concept that Minsky sought to explain the financial crises of the 1970s and 1980s with. The book highlights the continuing relevance of Minsky's theory of liquidity crisis as "immanent", in a historical sense, to the products and trading practices of modern finance, because these products were developed to obviate the crisis dynamics that Minsky described. Minsky's FIH can therefore inform historical understanding of the crisis of 2007-08 but is not directly explanatory itself. The book explores explanation of the financial crisis of 2007-08 interpreting 'liquidity', in practical historical terms, as involving a process of development out of prior crisis dynamics
Member of
Cataloging source
N$T
http://library.link/vocab/creatorName
Jefferis, Chris
Dewey number
330
Index
no index present
Literary form
non fiction
Nature of contents
dictionaries
Series statement
Routledge Advances in International Political Economy
http://library.link/vocab/subjectName
  • Minsky, Hyman P
  • Financial crises
  • Financial crises
  • Economic stabilization
Label
The dialectics of liquidity crisis : an interpretation of explanations of the financial crisis of 2007-08, Chris Jefferis
Instantiates
Publication
Antecedent source
unknown
Bibliography note
Includes bibliographical references and index
Carrier category
online resource
Carrier category code
cr
Carrier MARC source
rdacarrier
Color
multicolored
Content category
text
Content type code
txt
Content type MARC source
rdacontent
Contents
Introduction: historicizing economic theories of financial crisis -- Minsky in context: a critique of "liquidity crisit" as an explanatory concept -- Minsky contrary to monetarism -- Liquidity and abstraction -- Arbitrage as a historical strucutre shaping the US financial system -- Sociological interlude: calculation or commensuration? -- Recent financial instability in the US mortgage market: the three phases of risk -- Economics, regulation and capital: an assessment of some proposed reforms -- Conclusion
Control code
ocn973222860
Dimensions
unknown
Extent
1 online resource (176 pages)
File format
unknown
Form of item
online
Isbn
9781317536109
Isbn Type
(electronic bk.)
Level of compression
unknown
Media category
computer
Media MARC source
rdamedia
Media type code
c
Quality assurance targets
not applicable
Reformatting quality
unknown
Sound
unknown sound
Specific material designation
remote
System control number
(OCoLC)973222860
Label
The dialectics of liquidity crisis : an interpretation of explanations of the financial crisis of 2007-08, Chris Jefferis
Publication
Antecedent source
unknown
Bibliography note
Includes bibliographical references and index
Carrier category
online resource
Carrier category code
cr
Carrier MARC source
rdacarrier
Color
multicolored
Content category
text
Content type code
txt
Content type MARC source
rdacontent
Contents
Introduction: historicizing economic theories of financial crisis -- Minsky in context: a critique of "liquidity crisit" as an explanatory concept -- Minsky contrary to monetarism -- Liquidity and abstraction -- Arbitrage as a historical strucutre shaping the US financial system -- Sociological interlude: calculation or commensuration? -- Recent financial instability in the US mortgage market: the three phases of risk -- Economics, regulation and capital: an assessment of some proposed reforms -- Conclusion
Control code
ocn973222860
Dimensions
unknown
Extent
1 online resource (176 pages)
File format
unknown
Form of item
online
Isbn
9781317536109
Isbn Type
(electronic bk.)
Level of compression
unknown
Media category
computer
Media MARC source
rdamedia
Media type code
c
Quality assurance targets
not applicable
Reformatting quality
unknown
Sound
unknown sound
Specific material designation
remote
System control number
(OCoLC)973222860

Library Locations

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      Albany, Auckland, 0632, NZ
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