Bridge over ocean
15 December 2010 Research Foundation

The Shadow Banking System and Hyman Minsky’s Economic Journey

  1. Paul McCulley
The Shadow Banking System and Hyman Minsky’s Economic Journey View the full chapter (PDF)

The global financial crisis of 2007–2009 is unprecedented in modern times. Nevertheless, it can be better understood by taking a long historical perspective that includes crises and crashes from other times and places. A select group of 16 authors or writing teams with extensive experience in the investment management profession have contributed essays to this extraordinary collection.

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