Hyman Minsky, Bancos Comerciais e a Governança Global: Entendendo a Regulação Prudencial no Contexto da Fragilidade Financeira

Authors

  • André Cutrim Carvalho Universidade Federal do Pará (UFPA)
  • David Ferreira Carvalho Universidade Federal do Pará (UFPA)
  • Martha Luiza Costa Vieira Universidade Federal do Pará (UFPA)
  • Cleyson Silva dos Santos Universidade Estadual de Campinas (UNICAMP)

Keywords:

Abordagem Pós-keynesiana

Abstract

The state of the monetary-financial system of a capitalist economy is nothing more than the hypothesis of financial fragility presented by Hyman Philip Minsky. In the prosperity cycle phase, bankers generally experience a climate of optimism regarding expectations of future profits. However, as the level of accumulated profits declines, with companies and families starting to leverage credit from banks in order to pay their debts, then the continuity of financing industrial investments begins to depend not only on the expectations of entrepreneurs regarding expected profits, but also the willingness of bankers, given the risks and uncertainty of granting financing for industrial investments. This article discusses the hypothesis of financial fragility addressed by Minsky as a cause of the financial crises of globalized national economies, as well as the attempt at global governance through the prudential regulations of the Basel Accords.

Keywords: financial fragility; global governance; prudential regulations.

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Author Biographies

André Cutrim Carvalho, Universidade Federal do Pará (UFPA)

Professor-Pesquisador da Faculdade de Ciências Econômicas (FACECON) e do Programa de Pós-graduação em Gestão de Recursos Naturais e Desenvolvimento Local na Amazônia (PPGEDAM) da Universidade Federal do Para (UFPA).

David Ferreira Carvalho, Universidade Federal do Pará (UFPA)

Doutor e Pós-Doutor em Economia pelo Instituto de Economia (IE) da Unicamp. Professor-pesquisador da Faculdade de Ciências Econômicas (FACECON) da Universidade Federal do Pará.

Martha Luiza Costa Vieira, Universidade Federal do Pará (UFPA)

Mestra pelo Programa de Pós-Graduação em História Social da Amazônia pela Universidade Federal do Pará (UFPA). Doutoranda em Serviço Social pela UFPA.

Cleyson Silva dos Santos , Universidade Estadual de Campinas (UNICAMP)

Bacharel em Ciências Econômicas pela Universidade Federal do Para (UFPA). Mestrando em Desenvolvimento Econômico pelo Instituto de Economia (IE) da Universidade Estadual de Campinas (UNICAMP). 

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Published

2024-06-18

How to Cite

Carvalho, A. C., Ferreira Carvalho, D., Costa Vieira, M. L., & Silva dos Santos , C. (2024). Hyman Minsky, Bancos Comerciais e a Governança Global: Entendendo a Regulação Prudencial no Contexto da Fragilidade Financeira. Revista De Economia Mackenzie, 21(1), 244–278. Retrieved from http://editorarevistas.mackenzie.br/index.php/rem/article/view/16785

Issue

Vol. 21 No. 1 (2024)

Section

Artigos

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Copyright (c) 2024 Prof. André Cutrim Carvalho, Prof. David Ferreira Carvalho, Martha Luiza Costa Vieira, Cleyson Silva dos Santos

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