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Managing financial instability in emerging markets: A Keynesian perspective
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220-349-1-PB.pdf
Date
2008-6
Author
Akyüz, Yılmaz
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The Keynesian analysis of financial instability as developed by Hyman Minsky provides considerable insights into understanding the nature and dynamics of boom-bust cycles driven by international capital flows in emerging markets. Its main policy conclusion that financial control rather than macroeconomic policy holds the key to financial stability is equally valid. There is, however, need to develop a new approach to financial control and place greater emphasis on managing capital inflows than has hitherto been the case.
Subject Keywords
Financial Instability
,
Countercyclical Policy
,
Financial Regulation
URI
https://hdl.handle.net/11511/58429
Journal
ODTÜ Gelişme Dergisi
Collections
Department of Economics, Article
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Y. Akyüz, “Managing financial instability in emerging markets: A Keynesian perspective,”
ODTÜ Gelişme Dergisi
, vol. 35, no. 1, pp. 177–207, 2008, Accessed: 00, 2020. [Online]. Available: https://hdl.handle.net/11511/58429.