Combination matters
Why corporate bonds and shadow banking can threaten financial stability - a Minskyian perspective
Bibliographic Data
| ID | 21792446 |
|---|---|
| Authors | Henri Schneider (corresponding author) |
| Year | 2022 |
| Volume | 13 |
| Issue | 1 |
| Pages | 103 |
| Publication date | 2022-01-01 |
| Open Access | No |
| Type | ARTICLE |
| Venue | International Journal of Pluralism and Economics Education (JOURNAL) |
| Journal identifiers | ISSN: 1757-5656 • E-ISSN: 1757-5648 |
| Publisher | Inderscience Publishers (PUBLISHER • GB) |
| DOI | 10.1504/ijpee.2022.10049245 |
| OpenAlex | W4286370874 |
| Language | EN |
This article investigates the systemic risk of the corporate bond market connected with the rise of shadow banking since 2008 in the light of Hyman Minsky's financial instability hypothesis, which considers advanced capitalist economies as inherently unstable and prone to booms and busts. Does today's market for corporate bonds threaten financial stability, especially the shift from commercial banking towards less regulated shadow banking? My goal is to show that this shift in connection with worrisome developments in the corporate bond sector could lead to rising instability in the financial markets. Subsequently, four policy proposals for financial regulation will be evaluated
Bond · Business · Economics · Financial economics · Financial stability · Financial system · Banking stability, regulation, efficiency · Global Financial Crisis and Policies · Psychology · Finance
| Highly cited | No |
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