Discover and read the best of Twitter Threads about #minsky
Most recents (9)
Loanable Fund vs Endogenous Money.
A short film stylized in an old fashion silent movie-type format and utilizing the #Minsky #systemdynamics software.
Download Minsky for free: sourceforge.net/projects/minsk… (1/16)
A short film stylized in an old fashion silent movie-type format and utilizing the #Minsky #systemdynamics software.
Download Minsky for free: sourceforge.net/projects/minsk… (1/16)
Let's start with what you learn in the textbooks and hear on the news. It's the loanable fund's fallacy. (2/16)
The aggregate banking sector is broken into 4 accounts.
1. Reserves (Assets)
2. Customer1 Deposits (Liability)
3. Customer2 Deposits (Liability)
4 Bank Equity (Equity)
Note the initial conditions under each account. (3/16)
1. Reserves (Assets)
2. Customer1 Deposits (Liability)
3. Customer2 Deposits (Liability)
4 Bank Equity (Equity)
Note the initial conditions under each account. (3/16)
Three High-Risk Currencies
1. Srilanka Rupee
2. Lebanese Pound-£
3. Turkish Lira
All three countries facing more or less the same kind of macroeconomic structural problems, asset-liability foreign currency book mismatches, market-clearing bad rut, and wage and price rigidities
1. Srilanka Rupee
2. Lebanese Pound-£
3. Turkish Lira
All three countries facing more or less the same kind of macroeconomic structural problems, asset-liability foreign currency book mismatches, market-clearing bad rut, and wage and price rigidities
The surprising thing about Turkey, Lebanon and Srilanka is that all three nations have a high rate of literacy compared to other nations in their regions.
Hence, an intellectual deficit cannot be blamed for either bad or lack of economic policies
Srilanka 90% above literacy rate
Hence, an intellectual deficit cannot be blamed for either bad or lack of economic policies
Srilanka 90% above literacy rate
The Lebanese Pound, which was at one time around 1500 to an American Dollar, is now trading somewhere around approx 30,000.
The salaries in #Lebanon are still priced using the pre-crisis LBP-$ parity.
People are selling cars to pay utility bills, and cutting cedar trees for wood
The salaries in #Lebanon are still priced using the pre-crisis LBP-$ parity.
People are selling cars to pay utility bills, and cutting cedar trees for wood
Keep an eye on the traded CDS quotations.
Many countries are inching closer to Sovereign Default on financial obligations.
Global Sovereign Credit Risk is entering into a new phase, one which will provide new opportunities for Eurobond, distressed assets and hedge fund managers
Many countries are inching closer to Sovereign Default on financial obligations.
Global Sovereign Credit Risk is entering into a new phase, one which will provide new opportunities for Eurobond, distressed assets and hedge fund managers
Countries that misplay their growth targets suffer in the long run.
High economic growth is not a solution for every nation, as most of the countries in the developing world run out of forex reserves.
It can very well become a major source of instability after some time.
#Minsky
High economic growth is not a solution for every nation, as most of the countries in the developing world run out of forex reserves.
It can very well become a major source of instability after some time.
#Minsky
Japan and Spain are well remembered for their economic growth rates from the 1950s to the 1970s.
Spain was booming under General Franco, and so was Japan.
Where do these two countries stand now?
Macroeconomic Models must adjust to the empirical and theoretical ground realities,
Spain was booming under General Franco, and so was Japan.
Where do these two countries stand now?
Macroeconomic Models must adjust to the empirical and theoretical ground realities,
It was a pleasure to present first thoughts of my master's thesis on #MMT and #degrowth at the @WSSAcon in Denver. I’m currently writing my thesis at @presseunikassel and @LevyEcon. I’d happy for any comment and feedback. A thread 1/ 
When the government spends, it must either collect #taxes or take on #debt – so the widespread assumption. A growing economy does not pose a problem, as long as g > r the debt-to-GDP ratio declines over time, particularly if loans have low interest rates and long maturities 2/
However,if the economy stops growing or if it even declines, the debt ratio rises and tax revenue declines. If one assumes that the economy should not grow endlessly for socioecological reasons #degrowth @timparrique @MGSchmelzer, how can government spending then be financed? 3/
#JeffreyEpstein's Pedo Ring extends far BEYOND #Maxwell #Brunel #PrinceAndrew #Wexner #Barak #Clinton's #Trump #Dershowitz #Dubin's #Minsky #Richardson #Mitchell #Kellen #Marcinkova & etc. This is NOT the WHOLE #PedoRing. Active masterminds are being PROTECTED & must be EXPOSED.
Are we ready for the next crisis? | DW Documentary via @YouTube
you must read history to get a perspective of how things went wrong or might go wrong in the foreseeable future. I have always implored students to take more courses in Economic History, and the History of Economic Thought, instead of blindly selecting mathematical economics,
financial engineering, and econometrics style courses in the third year of their honours degree.
I would advise students to read #Minsky's Hypothesis and how he predicted that financial stability will lead to instability sometimes!
I would advise students to read #Minsky's Hypothesis and how he predicted that financial stability will lead to instability sometimes!
Happy 100th birthday to Hyman #Minsky, one of the greatest and most insightful economists!!! This blog was started as "The Minskys" to celebrate his work. Here are some of our articles on Minsky: 1/n
THE FINANCIAL CRISIS WAS A MINSKY MOMENT BUT WE LIVE IN STRANGE TIMES
2/n
economicquestions.org/the-financial-…
2/n
economicquestions.org/the-financial-…
USING MINSKY TO BETTER UNDERSTAND ECONOMIC DEVELOPMENT – PART 1 & 2
3/n
economicquestions.org/using-minsky-b…
economicquestions.org/using-minsky-b…
3/n
economicquestions.org/using-minsky-b…
economicquestions.org/using-minsky-b…
@INETeconomics By a chance, the article saying #MMT "theorists ignore how their policies could hurt developing countries" places #Ukraine currency #hryvnia (notes of 20 hryvnia's) as its cover picture.
1/n
1/n
@INETeconomics Btw, another time when #MMT-related literature opted by a mere chance to associate itself with #Ukraine's currency was the book 'Can "It" Happen Again?' written by Hyman Minsky (2nd ed published in 2016).
This time there is a jar of coins 5 kopecks each (5 #копійок).
2/n
This time there is a jar of coins 5 kopecks each (5 #копійок).
2/n
@INETeconomics I am #Ukrainian, having a 22-year experience in the Ukraine's financial sector (1995-2017) and working full-day jobs first as bank officer doing debts/credits and then as research economist. I worked in the banking sector as well as in the non-banking financial sector.
3/n
3/n
così Borio, capo del Monetary and Economic Department della @BIS_org, riepiloga l'essenza dell'attuale sistema monetario.
bis.org/speeches/sp181…
thread 👇
bis.org/speeches/sp181…
thread 👇
i sistemi monetari (e la moneta) non sono soltanto basati su delle convenzioni, ma si reggono su un sistema istituzionale in grado di garantirne la fiducia
la fiducia è una delle 2 proprietà fondamentali che un buon sistema monetario deve conservare (l'altra è la parità 1:1 tra unità di conto e mezzo di pagamento).
Fiducia che si concretizza non solo evitando inflazione o deflazione, ma assicurando tutti i depositi.
Fiducia che si concretizza non solo evitando inflazione o deflazione, ma assicurando tutti i depositi.
