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Combination matters: why corporate bonds and shadow banking can threaten financial stability – a Minskyian perspective

Research output: Journal contributions › Journal articles › Research › peer-review

Authors

  • Henri Schneider

This article investigates the systemic risk of the corporate bond market connected with the rise of shadow banking since 2008 in the light of Hyman Minsky’s financial instability hypothesis, which considers advanced capitalist economies as inherently unstable and prone to booms and busts. Does today’s market for corporate bonds threaten financial stability, especially the shift from commercial banking towards less regulated shadow banking? My goal is to show that this shift in connection with worrisome developments in the corporate bond sector could lead to rising instability in the financial markets. Subsequently, four policy proposals for financial regulation will be evaluated.

Original languageEnglish
JournalInternational Journal of Pluralism and Economics Education
Volume13
Issue number1
Pages (from-to)103-119
Number of pages17
ISSN1757-5648
DOIs
Publication statusPublished - 08.2022

Bibliographical note

Publisher Copyright:
Copyright © 2022 Inderscience Enterprises Ltd.

    Research areas

  • corporate debt, FIH, financial crisis, financial instability hypothesis, financial stability, financialisation, Minsky
  • Economics

DOI

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