Question

How do the various theorists or schools of thought (Hayek, Keynes, Minsky, Fischer) suggest that we frame our understanding of the role finance has in exacerbating business crises? In your response consider the following:

1. i) access to credit (role of central banks)

2. ii) leverage

3. iii) regulation

4. iv) market psychology

5. v) what to emphasize in responding to a crisis

Answer 1

Answer: