Fragile Finance : Debt, Speculation and Crisis in the Age of Global Credit (Palgrave Macmillan Studies in Banking and Financial Institutions)

Fragile Finance examines financial crisis in the era of global credit. Drawing on the work of Hyman Minsky, the book discusses the global financial system over the past decade, suggesting that financial fragility stems from an explosive combination of financial innovation, over-borrowing, and progressive illiquidity of financial structures.