Paper prepared for the American Economic Association Meetings, Atlantic City, NJ, September 16, 1976. Session on “Risk and Regulation in Banking.”
Also included here are two subsequent versions which differ significantly from that presented by Prof. Minsky on Sept. 16, 1976.
Minsky, Hyman P. Ph.D., "Banking and a Fragile Financial Environment" (1976). Hyman P. Minsky Archive. Paper 405.