Financial Instability Hypothesis and Great Recession in the EU

Student: Volkov Ivan

Faculty: St.Petersburg School of Economics and Management

Educational Programme: Economics (Bachelor)

Year of Graduation: 2018

The Great Recession (its’ reasons, consequences of crisis and etc) is still to be a popular theme for a plenty of economists. In this article the main aspects of The Great Recession in Greece and Spain (as these states suffered badly during the crisis) will be analyzed with the help of Minski’s Financial Instability Hypothesis. In Minski’s view this crisis is one of the steps of evolution of modern economics. Key words: Financial Instability Hypothesis, The Great Recession, Minski

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