Meaning of Minsky moment | Babel Free
Definitions
A sudden, major collapse of asset values which marks the end of the growth phase of a cycle in credit markets or business activity.
Examples
“Notice⟳, however, that some economists argued that the US subprime crisis was not a “Minsky moment” (see⟳ Davidson, 2008).”
CEFR level
B2
Upper Intermediate
This word is part of the CEFR B2 vocabulary — upper intermediate level.
This word is part of the CEFR B2 vocabulary — upper intermediate level.
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