ISSN 1300-1868
 

Original Research (Original Article) 


FINANCIAL CRISIS: KEYNES AND MINSKY

Nazende ÖZKARAMETE COŞKUN.

Cited by (2)

Abstract
This study examines the crisis according to Keynes and Minsky. The first part of the study studies the Keynes view on fluctuations in income and employment .Keynes explains the investment behavior which is the component of aggregate demand with the expectations of the investor. The second part of the study explains the Minsky’s view on financial capitalism and financial instability theorem. Minsky explains the fragility of the economies with the financing structure of investments. This explanation may help to understand the last global financial crisis that was started in USA housing sector.

Key words: Keynes, Minsky, Financial Crisis



FİNANSAL KRİZ: KEYNES VE MINSKY

Ozet
Bu çalışma finansal krizleri Keynes ve Minsky’ye göre incelemektedir. Çalışmanın birinci bölümü gelir ve istihdamdaki dalgalanmaları yatırım davranışı ile açıklayan Keynes’in analizine ayrılmıştır. Çalışmanın ikinci bölümünde Minsky’nin finansal istikrarsızlık teorisi incelenmiştir. Minsky’nin finansal istikrarsızlık teorisi ile 2007 yılında ABD de finans sektöründe başlayan ve tüm dünyayı etkileyen, finansal kriz ilişkilendirilmiştir.

Anahtar Kelimeler: Keynes, Minsky, Finansal Kriz


 
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REFERENCES
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Kregel J.A., ''Yes, 'it' Did happen Again-A Minsky Crisis Happened in Asia``The Jerome Levy Economics Institute Working Paper,no.234, 1998.
Minsky H.P. ''Finance and Stability:The Limits of Capitalism '' The Jerome LevyEconomics Institute Working Paper,no.93, 1993.
Minsky H:P."Uncertanity and the Institutional Structure of Capitalist Economýes" The Jerome Levy Economics Institute Working Paper,no.155, 1996.
Papadimitriou, D.B ve L.R. Wray ''Minsky`s Analysis of Financial Capitalism'' TheJerome Levy Economics Institute Working Papers, no.273, 1999
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This Article Cited By the following articles

Minskian Financial Instability Hypothesis and Its Post Keynesian Roots: A Theoretical Approach
2019; (): 105.

1
 
Post Keynesyen ktisat Okulu Perspektifinden Modern ktisadi DDzende Piyasa Baaarisizliklari Ve Minskyen Finansal Kirilganlik Hipotezi: 2008 Krizi zerine Yazinsal Bir nceleme (Market Failures and Minskian Financial Instability Hypothesis in the Modern Econo
SSRN Journal 2008; (): .

2
 
How to Cite this Article
Pubmed Style

Nazende OZKARAMETE COSKUN. [FINANCIAL CRISIS: KEYNES AND MINSKY]. Ekonomik Yaklasim. 2009; 20(73): 1-12. Turkish. doi:10.5455/ey.10694


Web Style

Nazende OZKARAMETE COSKUN. [FINANCIAL CRISIS: KEYNES AND MINSKY]. http://www.ekonomikyaklasim.org/?mno=156100 [Access: March 29, 2020]. Turkish. doi:10.5455/ey.10694


AMA (American Medical Association) Style

Nazende OZKARAMETE COSKUN. [FINANCIAL CRISIS: KEYNES AND MINSKY]. Ekonomik Yaklasim. 2009; 20(73): 1-12. Turkish. doi:10.5455/ey.10694



Vancouver/ICMJE Style

Nazende OZKARAMETE COSKUN. [FINANCIAL CRISIS: KEYNES AND MINSKY]. Ekonomik Yaklasim. (2009), [cited March 29, 2020]; 20(73): 1-12. Turkish. doi:10.5455/ey.10694



Harvard Style

Nazende OZKARAMETE COSKUN (2009) [FINANCIAL CRISIS: KEYNES AND MINSKY]. Ekonomik Yaklasim, 20 (73), 1-12. Turkish. doi:10.5455/ey.10694



Turabian Style

Nazende OZKARAMETE COSKUN. 2009. [FINANCIAL CRISIS: KEYNES AND MINSKY]. Ekonomik Yaklasim, 20 (73), 1-12. Turkish. doi:10.5455/ey.10694



Chicago Style

Nazende OZKARAMETE COSKUN. "[FINANCIAL CRISIS: KEYNES AND MINSKY]." Ekonomik Yaklasim 20 (2009), 1-12. Turkish. doi:10.5455/ey.10694



MLA (The Modern Language Association) Style

Nazende OZKARAMETE COSKUN. "[FINANCIAL CRISIS: KEYNES AND MINSKY]." Ekonomik Yaklasim 20.73 (2009), 1-12. Print.Turkish. doi:10.5455/ey.10694



APA (American Psychological Association) Style

Nazende OZKARAMETE COSKUN (2009) [FINANCIAL CRISIS: KEYNES AND MINSKY]. Ekonomik Yaklasim, 20 (73), 1-12. Turkish. doi:10.5455/ey.10694





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