Hyman Minskys Financial Instability Hypothesis and Economic Crisis in Russia

392
DOI: 10.20542/0131-2227-2010-3-56-64

M. Stolbov, MGIMO University, 76, Vernadskogo Prosp., Moscow, 119454, Russian Federation (stolbov_mi@mail.ru)

Abstract. M. Stolbov’s article deals with the H.P. Minsky’s financial instability hypothesis. It is proved that this theory is relevant to analyze the internal causes of the crisis in Russian banking and non-financial sectors. To ensure stable post-crisis development of Russia's economy, it is proposed to take measures based on Minsky’s approach to corporate taxation. At the same time, some measures aimed at securing the balanced interrelation between financial and real sectors are suggested.

Keywords: neoclassical synthesis, post-Keynesianism, Hyman Minsky, financial instability hypothesis, secured financing, speculative financing, "Ponzi finance", financial leverage, financial fragility, economic crisis in Russia


Registered in System SCIENCE INDEX

For citation:
Stolbov M. Hyman Minskys Financial Instability Hypothesis and Economic Crisis in Russia. World Eonomy and International Relations, 2010, no. 3, pp. 56-64. https://doi.org/10.20542/0131-2227-2010-3-56-64



Comments (0)

No comments

Add comment







Indexed

 

 

 

 

Dear authors! Please note that in the VAK List of peer-reviewed scientific journals, in which the main scientific results of dissertations for the degree of candidate and doctor of sciences should be published for the “MEMO Journal” the following specialties are recorded:
economic sciences:
5.2.5. World Economy.
5.2.1. Economic Theory
5.2.3. Regional and Branch Economics
political sciences:
5.5.4. International Relations
5.5.1. History and Theory of Politics
5.5.2. Political Institutions, Processes, Technologies

 

Current Issue
2024, vol. 68, No. 7
Topical Themes of the Issue:
  • The Supporting Structure of Global Security
  • Institutional Features of the Fourth Energy Transition
  • The Evolution of Modern German Christian Democracy
  • The Monarchies of the Persian Gulf and Central Asia
Submit an Article
INVITATION FOR PUBLICATION
The Editorial Board invites authors to write analytical articles on the following topics:
  • changes in the processes of globalization in modern conditions
  • formation of the new world order
  • shifts in civilization at the stage of transition to a digital society

The editors are also interested in publishing synthesis articles / scientific reviews revealing the main trends in the development of certain regions of the world - Latin America, Africa, South Asia, etc.