| April 2008

Financial Markets Meltdown

What Can We Learn from Minsky?

According to Senior Scholar L. Randall Wray, the current crisis in financial markets can be traced back to securitization (the “originate and distribute” model), leverage, the demise of relationship-based banking, and a dizzying array of extremely complex instruments that—quite literally—only a handful understand.


Publication Highlight

Public Policy Brief No. 149
Pandemic of Inequality
Author(s): Luiza Nassif Pires, Laura de Lima Xavier, Thomas Masterson, Michalis Nikiforos, Fernando Rios-Avila
April 2020

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