IDEAS home Printed from https://ideas.repec.org/a/mes/postke/v34y2011i1p137-158.html
   My bibliography  Save this article

Was it really a Minsky moment?

Author

Listed:
  • Timur Behlul

Abstract

In a Minskian world, the "moment" occurs after a cumulative process toward financial instability. Minsky argued that during a sustained boom, an upward revision of profit expectations should lead to higher leverage ratios and greater risk taking. In this article, I investigate whether the balance sheet of the nonfinancial corporate sector, which plays a central role in Minsky's theory, exhibited any such patterns. I conclude that the nonfinancial corporate sector did not move toward a more precarious position, hence the properties that must exist for a "Minsky moment" are absent.

Suggested Citation

  • Timur Behlul, 2011. "Was it really a Minsky moment?," Journal of Post Keynesian Economics, Taylor & Francis Journals, vol. 34(1), pages 137-158.
    • Handle: RePEc:mes:postke:v:34:y:2011:i:1:p:137-158
    DOI: 10.2753/PKE0160-3477340106
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.2753/PKE0160-3477340106
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.2753/PKE0160-3477340106?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Leila E Davis & Joao Paulo A de Souza & Gonzalo Hernandez, 2019. "An empirical analysis of Minsky regimes in the US economy," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 43(3), pages 541-583.
    2. Leila E. Davis - Joao Paulo A. de Souza y Gonzalo Hernandez & Joao Paulo A. de Souza & Gonzalo Hernandez, "undated". "An empirical analysis of Minsky regimes in the US economy," Vniversitas Económica 15495, Universidad Javeriana - Bogotá.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:mes:postke:v:34:y:2011:i:1:p:137-158. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/MPKE20 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.