‘Minsky Moment’ Hangs Over World Swimming in Debt: QuickTake Q&A

(Bloomberg) – The mere mention of a “Minsky moment” – a sudden crash of markets and economies that are hooked on debt – is enough to send shudders through policy makers. The theory stems from the work of Hyman Minsky, a US economist who specialized in how excessive borrowing fuels financial instability. Record debt levels around the world, coupled with sky-high financial market valuations, have kept Minsky’s theory prominent, dr …

.

Leave a Comment