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

Research output: Journal contributionsJournal articlesResearchpeer-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

Recently viewed

Researchers

  1. Isabel Wullschleger

Publications

  1. Several genes in Chlorella virus strain CVG-1 encode putative virion components
  2. On the logic of drawing history from symbols, especially from images
  3. The Emerging Research Field of Experimentation for Circular Business Model Innovation
  4. Virtual Voting in RFMOs
  5. Programme des Lebens und Überlebens
  6. Measurement approaches for inigrated reporting adoption and quality
  7. Wasted compliance strategies? The policy-making styles of Hungary and Poland in the implementation of European environmental directives
  8. The end of welfare as we know it?
  9. Article 69 CISG
  10. The Bigger Picture of Corruption
  11. Flavonoids as biopesticides – Systematic assessment of sources, structures, activities and environmental fate
  12. Expertise for the public:
  13. Identifying user assistance systems for radiotherapy to increase efficiency and help saving lives
  14. Water-related problématiques
  15. GOMBRICH,ERNST,HANS, BETWEEN PATHOS AND ORNAMENT
  16. Public Value
  17. Preliminary data on help‐seeking intentions and behaviors of individuals completing a widely available online screen for eating disorders in the United States
  18. Intra-industry adjustment to import competition
  19. Atmospheric mercury over sea ice during the OASIS-2009 campaign
  20. The balanced scorecard’s missing link to compensation
  21. The effects of managerial preferences on the financial behaviour of small firms
  22. European External Action Service
  23. Coplanar micro-strips/electrospun sensor system to measure the electronics properties of the polyethylene oxide (PEO) electrospun
  24. Programm FAKE
  25. Fast Catch Bumerang
  26. Investigation on Flexible Coils Geometries for Inductive Power Transmission Systems
  27. Navigating cognition biases in the search of sustainability
  28. Virtual-exchange collaboration timeline planner
  29. Physical self-concept and physical activity enjoyment in elementary school children
  30. Impact Assessment of Emissions Stabilization Scenarios with and without Induced Technological Change
  31. Unterschiedliche Welten
  32. The global distribution of authorship in economics journals