Publications

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.

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Publication Highlight

Working Paper No. 1044
Empirical Models of Chinese Government Bond Yields
Author(s): Tanweer Akram, Shahida Pervin
February 2024

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