Finance
Brett W. Parris

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Books
Papers & Chapters
Quotes
Links

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Books

Blustein, P., (2001) The Chastening: Inside the Financial Crisis that Rocked the Global Financial System and Humbled the IMF, PublicAffairs, New York, xvi + 431 pp.

Blustein, P., (2005) And the Money Kept Rolling in (And Out): Wall Street, the IMF, and the Bankrupting of Argentina, PublicAffairs, New York, xxii + 278 pp.

Das, S., (2008) Traders, Guns & Money: Knowns and Unknowns in the Dazzling World of Derivatives, Financial Times Prentice Hall, Harlow, UK, xiv + 334 pp.

Kindleberger, C.P., (1992) A Financial History of Western Europe, 2nd Edition; Oxford University Press, Oxford & New York, xix + 524 pp.

Kindleberger, C.P. and Aliber, R.Z., (2005) Manias, Panics and Crashes: A History of Financial Crises, 5th Edition; Palgrave Macmillan, Basingstoke, viii + 309 pp.

Lewis, M., (1989) Liar's Poker: Rising through the Wreckage on Wall Street, W.W. Norton & Co., New York & London, 249 pp.

Mandelbrot, B.B. and Hudson, R.L., (2004) The (mis)Behavior of Markets: A Fractal View of Risk, Ruin and Reward, Basic Books, New York, xxiv + 328 pp.

Minsky, H.P., (1982) Can "It" Happen Again? Essays on Instability and Finance, ME Sharpe, New York, xxiv + 301 pp.

Minsky, H.P., (1982) Inflation, Recession and Economic Policy, Wheatsheaf, Brighton, xxiv + 301 pp.

Minsky, H.P., (1986) Stabilizing an Unstable Economy, Yale University Press, New Haven, CN, xiv + 353 pp.

Partnoy, F., (1997) F.I.A.S.C.O.: Blood in the Water on Wall Street, W.W. Norton & Co., New York & London, 252 pp.

Schumpeter, J.A., (1934) The Theory of Economic Development: An Enquiry into Profits, Capital, Credit, Interest and the Business Cycle, Transaction Publishers reprint, 1983, New Brunswick NJ & London; originally published by Harvard University Press, trans. from the 2nd German edition of 1926 by Redvers Opie, lxiv + 255 pp.

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Papers & Chapters

Bell, S. and Quiggin, J., (2006) "Asset Price Instability and Policy Responses: The Legacy of Liberalization", Journal of Economic Issues, Vol. 40, No. 3, September, pp. 629-649.

NEW  Bezemer, D.J., (2009) "“No One Saw This Coming”: Understanding Financial Crisis Through Accounting Models", Munich University, Munich Personal RePEc Archive, MPRA Paper No. 15892, 16 June, 50 pp.

Bussière, M. and Fratzscher, M., (2008) "Financial Openness and Growth: Short-run Gain, Long-run Pain?" Review of International Economics, Vol. 16, No. 1, pp. 69-95.
 
Chick, V., (1995) "The Evolution of the Banking System and the Theory of Saving, Investment and Interest", In The Money Supply in the Economic Process: A Post Keynesian Perspective ed. Musella, M. and Panico, C.; Elgar; distributed by Ashgate, Brookfield, Vt., Aldershot, U.K., pp. 412-427.

Chick, V., (1997) "Some Reflections on Financial Fragility in Banking and Finance", Journal of Economic Issues, Vol. 31, No. 2, June, pp. 535-41.

Keen, S., (1998) "The Nonlinear Dynamics of Debt Deflation", Complexity International, Vol. 6, pp. 24.

Gray, J.M. and Gray, P., (1981) "The Multi-National Bank: A Financial MNC?" Journal of Banking and Finance, Vol. 5, No. 1, March, pp. 33-63.

Hong, K. and Tornell, A., (2005) "Recovery from a Currency Crisis: Some Stylized Facts", Journal of Development Economics, Vol. 76, No. 1, February, pp. 71-96.

Keen, S., (1995) "Finance and Economic Breakdown: Modeling Minsky", Journal of Post Keynesian Economics, Vol. 17, pp. 607–635.

NEW  Keen, S., (2010) "Solving the Paradox of Monetary Profits", Economics Discussion Papers, No. 2010-2, January, 27 pp.

Kirman, A.P., (1995) "The Behaviour of the Foreign Exchange Market", Bank of England Quarterly Bulletin, Vol. 35, August, pp. 286-293.

Mandelbrot, B.B., (1963) "The Variation of Certain Speculative Prices", Journal of Business, Vol. 36, No. 4, October, pp. 394-419.

Mandelbrot, B.B., (1971) "When can Price be Arbitraged Efficiently? A Limit to The Validity of the Random Walk and Martingale Models", Review of Economics & Statistics, Vol. 53, No. 3, August, pp. 225-236.

Mandelbrot, B.B., (1997) "Three Fractal Models in Finance: Discontinuity, Concentration, Risk", Economic Notes, Vol. 26, No. 2, pp. 171-211.

Mandelbrot, B.B., (1999) "A Multifractal Walk down Wall Street", Scientific American, Vol. 280, No. 2, February, pp. 70.

Minsky, H.P., (1978) "The Financial Instability Hypothesis: A Restatement", Thames Papers in Political Economy, Autumn; Reprinted in Minsky, H.P., (1982) Can "It" Happen Again? Essays on Instability and Finance, ME Sharpe, New York, pp. 90-116.

Minsky, H.P., (1985) "The Legacy of Keynes", Journal of Economic Education, Vol. 16, No. 1, Winter, pp. 5-15.

Minsky, H.P., (1986) "The Evolution of Financial Institutions and the Performance of the Economy", Journal of Economic Issues, Vol. 20, No. 2, June, pp. 345-353.

Minsky, H.P., (1990) "Schumpeter: Finance and Evolution", In Evolving Technology and Market Structure: Studies in Schumpeterian Economics ed. Heertje, A. and Perlman, M.; Michigan University Press, Ann Arbor, MI, pp. 51-74.

Minsky, H.P., (1991) "The Endogeneity of Money", In Nicholas Kaldor and Mainstream Economics ed. Nell, E.J. and Semmler, W.; Macmillan, London, pp. 207-220.

Minsky, H.P., (1992) "The Capital Development of the Economy and the Structure of Financial Institutions", Working Paper No. 72, Jermoe Levy Economics Institute, January, 32 pp.

Minsky, H.P., (1992) "The Financial Instability Hypothesis", Working Paper No. 74, Jermoe Levy Economics Institute, May, 9 pp.

Minsky, H.P., (1993) "Finance and Stability: The Limits of Capitalism", Working Paper No. 93, Jermoe Levy Economics Institute, May, 25 pp.

Minsky, H.P., (1993) "Schumpeter and Finance", In Market and Institutions in Economic Development: Essays in Honour of Paulo Sylos Labini ed. Biasco, S., Roncaglia, A. and Salvati, M.; St. Martin’s Press, New York, pp. 103-115.

Mishkin, F.S., (1999) "Lessons from the Asian Crisis", Journal of International Money and Finance, Vol. 18, No. 4, August, pp. 709-723.

Rochon, L.-P., (2005) "The Existence of Monetary Profits within the Monetary Circuit", In The Monetary Theory of Production: Tradition and Perspectives ed. Fontana, G. and Realfonzo, R.; Palgrave Macmillan, New York, pp. 125-138.

Stiglitz, J.E. and Uy, M., (1996) "Financial Markets, Public Policy, and the East Asian Miracle", World Bank Research Observer, Vol. 11, No. 2, August, pp. 249-276.

Willett, T.D., (2004) "The Falsification of Four Popular Hypotheses about the Asian Crisis", World Economy, Vol. 27, No. 1, January, pp. 25-44.

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Quotes

Asset bubbles
"Asset bubbles are an inevitable consequence of financial liberalization. In general … there is no satisfactory way of identifying and controlling bubbles in the process of formation. Hence to the extent that bubbles are regarded as economically damaging, it is necessary to consider changes in the structure of financial regulation that will reduce their frequency and severity."
Bell, S. and Quiggin, J., (2006) "Asset Price Instability and Policy Responses: The Legacy of Liberalization", Journal of Economic Issues, Vol. 40, No. 3, September, pp. 629-649; p. 645.

Financial linkages are core to the behaviour of capitalist economies
"[A] capitalist economy with sophisticated financial institutions is capable of a number of modes of behavior and the mode that actually rules at any time depends upon institutional relations, the structure of financial linkages, and the history of the economy."
Minsky, H.P., (1978) "The Financial Instability Hypothesis: A Restatement", Thames Papers in Political Economy, Autumn; Reprinted in Minsky, H.P., (1982) Can "It" Happen Again? Essays on Instability and Finance, ME Sharpe, New York, pp. 90-116; p. 92.

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Links

Nouriel Roubini - A highly respected commentator focussing mainly on macroeconomics and finance.

Steve Keen's site. Steve has generously uploaded an enormous amount of lecture material on both the history of economic thought and complex dynamic systems modelling. He also maintains a very useful blog on Australian debt levels.

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