Throughout his career, Jan Kregel has published extensively on the ways to assess and design financial and regulatory structures to meet objectives of providing financial stability. This book highlights his major contributions and introduces his recent works on advancing Minsky's theory of financial instability since the global financial crisis.

Preface, Acknowledgments. I. The Evolution of Financial Systems. 1. The Past and Future of Banks. 2. Financial Fragility and the Structure of Financial Markets. 3. Universal Banking, US Banking Reform and Financial Competition in the EEC. 4. Market Forms and Financial Performance. 5. Some Considerations on the Causes of Structural Change In Financial Markets. II. Minsky-Fisher, Financial Instability. 6. Margins of Safety and Weight of the Argument in Generating Financial Fragility. 7. Managing the Impact of Volatility in International Capital Markets in an Uncertain World . 8. The Natural Instability of Financial Markets. III. Minsky's Theory in an International Context: Financial Globalization and Emerging Markets. 9. Currency Stabilization through Full Employment: Can EMU Combine Price Stability with Employment and Income Growth?. 10. Yes, 'It' Did Happen Again-a Minsky Crisis Happened in Asia. 11. The Brazilian Crisis: From Inertial Inflation to Fiscal Fragility. 12. Financial Liberalization and Domestic Policy Space: Theory and Practice with Reference to Latin America. 13. Emerging Markets and the International Financial Architecture: A Blueprint for Reform. IV. Financial Stability as a Chimera. 14. Using Minsky to Simplify Financial Regulation. 15. Minsky and Dynamic Macroprudential Regulation. Index