Minsky moment
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English[edit]
Etymology[edit]
Coined by Paul McCulley in 1998, named after economist Hyman Minsky (1919–1996).
Noun[edit]
Minsky moment (plural Minsky moments)
- A sudden, major collapse of asset values which marks the end of the growth phase of a cycle in credit markets or business activity.
Further reading[edit]
- Minsky moment on Wikipedia.Wikipedia