17th Annual Hyman P. Minsky Conference: Credit, Markets, and the Real Economy Is the Financial System Working?

Levy Economics Institute of Bard College
Annandale-on-Hudson, New York

April 17–18, 2008

The focus of this year’s conference was the current economic and financial crisis in the United States and its effects on the world economy. Topics included the causes and consequences of the “Minsky moment”; the impact of the credit crunch on the economic and financial market outlook; dislocations and policy options; the rehabilitation of fiscal policy; margins of safety, systemic risk, and the US subprime mortgage market; lessons from earlier times to rehabilitate mortgage financing and the banks; financial markets regulation-reregulation; the inefficiency of computer-driven markets; currency markets fluctuations; and exchange rate misalignment.