Research Associate eric Tymoigne uses the analytical framework of Hyman P. Minsky's financial instability hypothesis to develop an index that captures the growth of financial fragility--the propensity of financial problems to generate a debt-deflation process. Minsky's Ponzi-finance position is taken as a point of departure to construct the index. Tymoigne finds that there should have been much earlier interventions by financial supervisors and regulators when default rates on mortgages were very low, wealth was rising, and banks were highly profitable. He notes that financial market data may not be reliable in capturing the risk of financial instability beforehand, and that we should focus on the growth of financial fragility during periods of economic stability.
展开▼
机译：研究助理埃里克TYMoigne使用Hyman P. Minsky的财务不稳定假设的分析框架来开发捕获财务脆弱性增长的指数 - 犯罪贷款流程的财务问题的倾向。 Minsky的Ponzi-Finance位置被视为偏离的观点，以构建指数。 TyMoigne发现金融监管机构和监管机构应该在违约率很低时早期的干预措施，财富正在上升，银行盈利盈利。 他指出，在预先捕获财务不稳定风险时，金融市场数据可能无法稳定，并且在经济稳定期间，我们应该专注于金融脆弱性的增长。
展开▼
