Minsky moment
English
Etymology
Coined by Paul McCulley in 1998, named after economist Hyman Minsky (1919–1996).
Noun
Minsky moment (plural Minsky moments)
- A sudden, major collapse of asset values which marks the end of the growth phase of a cycle in credit markets or business activity.
- 2015, Louis-Philippe Rochon; Sergio Rossi, editors, The Encyclopedia of Central Banking, Edward Elgar Publishing, →ISBN, page 317:
- Notice, however, that some economists argued that the US subprime crisis was not a “Minsky moment” (see Davidson, 2008).
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Further reading
- Minsky moment on Wikipedia.Wikipedia