Danielsson, Jon, 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 |
| Library of Congress subject classification: | 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 |
| URL: | http://eprints.lse.ac.uk/65113/ |
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