‘Hyman Minsky was right’ – Don Kohn

Donald Kohn
Don Kohn: macro-prudential policy is a “promising addition” to the regulatory toolkit
Steve Dasko

Economist Hyman Minsky was right that long periods of prosperity “contain the seeds of their own destruction”, Don Kohn said on September 7, noting this was a lesson “we had to relearn” when the crisis struck.

Speaking at the 200th anniversary of the National Bank of Denmark, the Bank of England (BoE) policy-maker said he believed macro-prudential policy was a “promising addition” to the regulatory toolkit, which could mitigate some of the risks that Minsky feared.

“Global financial stability

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