Contents

pp v-vi

Foreword

pp vii-viii

Publication History

pp ix-x

I - Theoretical Discussions

pp 1-2

1 - Financial Markets and Economic Development: Myths and Institutional Reality

pp 3-14

2 - External Financing for Development and International Financial Instability

pp 15-40

3 - Capital Flows: Globalization of Production and Financing Development

pp 41-62

4 - Some Risks and Implications of Financial Globalization for National Policy Autonomy

pp 63-74

5 - Two Views on the Obstacles to Development

pp 75-84

6 - Can We Create a Stable International Financial Environment that Ensures Net Resource Transfers to Developing Countries?

pp 85-98

7 - Natural Instability of Financial Markets

pp 99-118

8 - Trying to Serve Two Masters: The Dilemma of Financial Regulation

pp 119-132

II - Finance for Development

pp 133-134

9 - East Asia Is Not Mexico: The Difference between Balance of Payments Crises and Debt Deflations

pp 135-152

10 - Yes, “IT” Happened Again: The Minsky Crisis in Asia

pp 153-166

11 - Financial Liberalization and Domestic Policy Space: Theory and Practice with Reference to Latin America

pp 167-180

12 - Derivatives and Global Capital Flows: Applications to Asia

pp 181-198

13 - Was There an Alternative to the Brazilian Crisis?

pp 199-214

14 - An Alternative View of the Argentine Crisis: Structural Flaws in Structural Adjustment Policy

pp 215-240

15 - The Discrete Charm of the Washington Consensus

pp 241-256

III - The Crisis in the US and the EU

pp 257-258

16 - Alternative Economic Analyses of German Monetary and Economic Unification: Monetarist and Post Keynesian

pp 259-268

17 - Currency Stabilization through Full Employment: Can EMU Combine Price Stability with Employment and Income Growth?

pp 269-280

18 - Minsky's “Cushions of Safety,” Systemic Risk and the Crisis in the Subprime Mortgage Market

pp 281-296

19 - Why Don't the Bailouts Work? Design of a New Financial System versus a Return to Normalcy

pp 297-308

20 - Is This the Minsky Moment for Reform of Financial Regulation?

pp 309-324

21 - Debtors' Crisis or Creditors' Crisis? Who Pays for the European Sovereign and Subprime Mortgage Losses?

pp 325-336

22 - Six Lessons from the Euro Crisis

pp 337-342

23 - Minsky and the Narrow Banking Proposal: No Solution for Financial Reform

pp 343-348