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Author
Kąsek Leszek, Lubiński Marek (Szkoła Główna Handlowa w Warszawie)
Title
Hyman Minsky - wczoraj i dziś
Hyman Minsky - Yesterday and Today
Source
Współczesna Ekonomia, 2010, vol. 4, nr 1, s. 5-20, bibliogr. 29 poz.
Contemporary Economics
Keyword
Ekonomia, Stabilność finansowa, Rynki finansowe, Gospodarka światowa, Ocena dorobku naukowego
Economics, Financial sustainability, Financial markets, World economy, Scholarly achievements estimating
Note
streszcz., summ.
Minsky Hyman
Abstract
Artykuł przypomina koncepcję niestabilności finansowej Hymana Minsky'ego. Objaśnianie przyczyn i przebiegu perturbacji na rynkach finansowych nabrało szczególnego znaczenia w kontekście załamania rynku kredytów hipotecznych w USA, które rozprzestrzeniło się na inne kraje i dziedziny gospodarki, a później przyczyniło się do największego kryzysu w gospodarce światowej od lat 30. XX wieku. Podstawą rozważań jest charakterystyka spojrzenia Minsky'ego na gospodarkę, którą poprzedza krótka informacja o jego rozwoju naukowym. Artykuł koncentruje się na koncepcji niestabilności finansowej oraz jej znaczeniu dla tłumaczenia fluktuacji koniunkturalnych. Jeszcze w latach 70. XX wieku poglądy Minsky'ego kontrastowały z ekonomią głównego nurtu, która przypisywała niewielką rolę finansom i ich wpływu na decyzje w gospodarce realnej. Minsky widział bardziej istotną rolę rządu i banku centralnego w utrzymaniu stabilności finansowej. W wielu krajach reakcja władz na ostatni kryzys była zgodna z rekomendacjami Minsky'ego. Sądzimy, że interwencje te uchroniły gospodarkę światową od załamania o charakterze systemowym. (abstrakt oryginalny)

The article presents Minsky's financial instability hypothesis and possibilities of its using for financial crisis explanation. Hyman Minsky was an American economist and professor of economics at Washington University in St. Louis. His research attempted to provide an understanding and explanation of the characteristics of financial crises. Minsky was sometimes described as a post-Keynesian economist because, in the Keynesian tradition, he supported some government intervention in financial markets and opposed some of the popular deregulation policies in the 1980s, and argued against the accumulation of debt. Actually, Minsky's hypothesis can translate the present subprime mortgage crisis. (original abstract)
Accessibility
The Main Library of Poznań University of Economics and Business
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Bibliography
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ISSN
1897-9254
Language
pol
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