Cookies?
Library Header Image
LSE Research Online LSE Library Services

Volatility, financial crises and Minsky's hypothesis

Danielsson, Jon and Valenzuela, Marcela and Zer, Ilknur (2015) Volatility, financial crises and Minsky's hypothesis. VoxEU.org (02 Oct 2015). Opinion Piece.

Full text not available from this repository.

Abstract

Does low volatility in financial markets mean that another financial crisis is more likely? And should we be worried when everything is OK? This column presents the first empirical results that find a strong validation of Minsky's hypothesis – obtained from 200 years of historical cross-sectional data – that low volatility increases the likelihood of a future financial crisis by increasing risk-taking.

Item Type: Website (Opinion Piece)
Official URL: http://www.voxeu.org/
Additional Information: © 2015 The Authors
Divisions: Finance
Systemic Risk Centre
Financial Markets Group
Subjects: H Social Sciences > HD Industries. Land use. Labor > HD61 Risk Management
H Social Sciences > HG Finance
Sets: Departments > Finance
Research centres and groups > Systemic Risk Centre
Research centres and groups > Financial Markets Group (FMG)
Date Deposited: 21 Jan 2016 17:29
Last Modified: 21 Jan 2016 17:29
URI: http://eprints.lse.ac.uk/id/eprint/65113

Actions (login required)

View Item View Item