News & Events

27th Annual Hyman P. Minsky Conference

Audio:

• Tuesday, April 17 [View More/Less]
  • Introductory Remarks: Jan Kregel
  • Session 1: L. Randall Wray, Lakshman Achuthan, Philip Suttle, and Michalis Nikiforos
  • Session 1: Q&A
  • Session 2: Peter Coy, Pavlina R. Tcherneva, L. Randall Wray, and John F. Henry
  • Session 2: Q&A
  • Session 3: Matt Phillips, Thomas Ferguson, Thorvald Grung Moe, and Walker F. Todd
  • Session 3: Q&A
• Wednesday, April 18 [View More/Less]
  • Session 4: Edward Harrison, Emilios Avgouleas, Joerg Bibow, and Rogerio Studart
  • Session 4: Q&A
  • Session 5: Sophia Lin, Robert A. Blecker, Todd N. Tucker, and William Milberg
  • Session 5: Q&A
  • Session 6: Jan Kregel, Robert N. McCauley, and Frank Veneroso, part 1
  • Session 6: Jan Kregel, Robert N. McCauley, and Frank Veneroso, part 2
  • Session 6: Q&A

Click on an audio link to play the clip.

 

 

Financial Stability in a World of Rising Rates and the Repeal of Dodd-Frank

A conference organized by the Levy Economics Institute of Bard College

Levy Economics Institute of Bard College
Blithewood
Annandale-on-Hudson, New York 12504

April 17–18, 2018

As the annual growth rate of the US economy continues to rise with stable prices and falling unemployment, the global financial system faces a series of historic challenges. Congress seems determined to introduce tax-reform measures designed to provide an additional impulse to the record postcrisis expansion and historically low unemployment rate. At the same time, the administration has launched a series of executive orders rescinding postcrisis financial regulations as Congress debates reform or replacement of the Dodd-Frank legislation that has provided financial stability over the last decade, while the Federal Reserve will be experimenting with the deleveraging of its balance sheet as well as appointing a new chairman of the board in an environment of rising policy interest rates. Finally, the “America First” policy seeks fundamental changes in the current rules-based multilateral framework for international trade, which, if successful, would imply important changes in international financial flows and the position of US financial institutions in global financial markets in the context of China’s strategy of global expansion and structural changes in European and developing-country political and financial systems.
 
This year’s Minsky conference will thus seek to examine the implications of this unprecedented constellation of policy changes. It is a scenario that Hy Minsky would have considered as providing exposure of risky financial positions entered into during the period of the zero-interest-rate policy and the basis for rising financial fragility.

For the events program and participants list, as well links to the presentations, please visit the conference website.
 

Click here for video coverage of the individual speakers and panels.