Summary of Conference

  • Robert Z. Aliber
Part of the Financial and Monetary Policy Studies book series (FMPS, volume 30)


One of the reasons for this Conference on Financial Fragility is Hy Minsky’s continued attention over 40 years to the economic instability hypothesis: that the financial system in a market economy is inherently unstable. Hy more than any other economist in the last several generations has stressed the dependence of the real economy on the stability of somewhat fragile financial institutions.


Interest Rate Financial Institution Real Interest Rate Capital Requirement Real Economy 
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Copyright information

© Springer Science+Business Media New York 1995

Authors and Affiliations

  • Robert Z. Aliber
    • 1
  1. 1.University of ChicagoChicagoUSA

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