Anderson, P. 2019. “Situationism À L’Envers?” New Left Review 119(September-October).
Armstrong, R. 2020. “There are risks to liquidity from rock-bottom rates.” Financial Times, June 2.
Bailey, A. 2020. “Coronavirus—Business support to launch from today.” UK.gov press release, March 23. Available at: https://www.gov.uk/government/news/coronavirus-businesssupport-to-launch-from-today
BoE (Bank of England). 2020. “Monetary Policy Report, May.” Report. London: Bank of England.
Barber, W. J. 1988. From New Era to New Deal: Herbert Hoover, the Economists, and
American Economic Policy, 1921–1933. Cambridge, UK: Cambridge University Press.
Becker, B., H. Ulrich, and P. Mella-Barral. 2020. “Corporate debt burdens threaten economic recovery after COVID-19: Planning for debt restructuring should start now” Vox, March 21.
Best, M. 2018. How Growth Really Happens. Princeton, NJ: Princeton University Press.
Blanchard, O. 2019. “Public Debt and Low Interest Rates.” Peterson Institute for International Economics Working Paper 19-4. Washington, DC: Peterson Institute for International Economics.
Blinder, A. 2013. After the Music Sopped. London: Penguin.
Bonsdorff, P. von. 2020. “Impact of Covid-19: How did the Nordic countries react?” Next Finance blog, May 4.
Bookstaber, R. 2007. A demon of our own design: Markets, hedge funds, and the perils of financial innovation. New York: John Wiley & Sons.
Burlamaqui, L. 2019. “Bringing the State into Schumpeter’s Model: Entrepreneurial States, Socialization of Investment, Creative-Destruction management and China.” In L.
Burlamaqui and R. Kattel (eds.), Schumpeter’s Capitalism, Socialism and Democracy: A Twenty-First Century Agenda. Abingdon, UK: Routledge.
Carter, Z. D. 2020. The Price of Peace. Money, Democracy and the Life of John Maynard Keynes. New York: Random House. (Kindle edition).
Caverzasi, E. 2014. “Minsky and the Subprime Mortgage Crisis: The Financial Instability Hypothesis in the Era of Financialization.” Levy Institute Working Paper No. 796. Annandale-on-Hudson, NY: Levy Economics Institute of Bard College.
Chan, R. 2020. “Wuhan, the center of the deadly coronavirus outbreak, is a major business hub for several international corporations.” Business Insider, January 25.
Collins, C., and J. Gagnon. 2020 “A timeline of central bank responses to the COVID-19 pandemic.” Reuters, March 30.
Crocket, A. 2008. “Market liquidity and financial stability.” Financial Stability Review 11: 13– 17.
Duffie, D. 2020. “Still the World Safe Haven.” Brookings Center Working Paper No. 62. Cambridge, MA: Brookings Center.
Federal Reserve Bank of St. Louis: 2020. “Interest Rate Data, United States Fed Funds Rate.” Trading Economics website. Available at: https://tradingeconomics.com/unitedstates/interest-rate
Federal Reserve Board. 2020. “Policy Tools: Commercial Paper Funding Facility.” Board of Governor’s website. Available at: https://www.federalreserve.gov/monetarypolicy/cpff.htm
Financial Times. 2020a. “We are not here to close [bond] spreads. There are other tools and other actors to deal with these issues.” March 13.
———. 2020b. “ECB boosts bond-buying stimulus package by €600bn.” June 4.
Galbraith, J. K. 1961. The Great Crash, 1929 (with a new introduction by the author). Boston: Houghton Mifflin.
Henderson, H. (1943) 1955. “Note on the Problem of maintaining Full Employment.” Reprinted in The Inter-war years and other essays. Oxford: Oxford University Press.
Irwin, N. 2013. The alchemists: Three central bankers and a world on fire. London: Penguin.
Kelton, S. 2020. The deficit myth: modern monetary theory and the birth of the people’s
economy. New York: Public Affairs.
Keshner, A. 2020. “Are you still waiting on your stimulus check?” Market Watch, May 12.
Kindleberger, C. 1973. The world in depression, 1929–1939. Berkeley, CA: University of California Press.
Koo, R. 2003. Balance sheet recession: Japan’s struggle with uncharted economics and its global implications. New York: John Wiley & Sons.
———. 2018. The other half of macroeconomics and the fate of globalization. New York: John Wiley & Sons.
Kregel, J. 2007. “The Natural Instability of Financial Markets.” Levy Institute Working Paper No. 523. Annandale-on-Hudson, NY: Levy Economics Institute of Bard College.
———. 2008. “Minsky’s Cushion of Safety Systemic Risk and the Crisis in the US Subprime Mortgage Market.” Public Policy Brief No. 93. Annandale-on-Hudson, NY: Levy Economics Institute of Bard College.
———. 2010. “What would Minsky have thought of the mortgage crisis?” In D. B.
Papadimitriou and L. R. Wray (eds.) The Elgar Companion to Hyman Minsky. Northampton, MA: Edward Elgar.
Krugman, P. 2020. “In praise of the safety net.” New York Times May 19. Law, T. J. 2020. “U.S. Stimulus Package 2020: Everything You Need to Know.” Oberlo.com,
April 28. Available at: https://www.oberlo.com/blog/us-stimulus-package.
Leuchtenburg, W. E. 1963. Franklin D. Roosevelt and the New Deal, 1932–1940. New York: Harper- Perennial.
McCraw, T. K. 2012. The founders and finance: how Hamilton, Gallatin, and other immigrants forged a new economy. Cambridge, MA: Harvard University Press.
Mikuni, A. and R. T. Murphy. 2002. “Japan’s Policy Trap: Dollars, Deflation, and the Crisis of Japanese Finance.” Brookings Institution Press.
Minsky, H. P. 1964. “Financial crisis, financial systems and the performance of the economy.” In I. Friend (ed.), Private Capital Markets: A Series of Research Studies Prepared for the Commission on Money and Credit. Upper Saddle River, NJ: Prentice-Hall.
———. 1975. “Financial resources in a fragile financial environment.” Challenge 18(3): 6–13.
———. 1982. Can “It” Happen Again? Essays on Instability and Finance. Armonk, NY: ME Sharpe. Inc.
———. 1986. Stabilizing an Unstable Economy. New York: Mc Graw Hill.
———. 1994. “Full employment and economic growth as objectives of economic policy: Some thoughts on the limits of capitalism.” Mimeograph, Hyman P. Minsky Archive, Paper 44. http:/-/digital commons. bard.edu-/HTML archive/-44
Mitchell, W., L. R. Wray, and W. Watts. 2019. Macroeconomics. London: Red Globe Press.
Murphy, R. T. 2020. “Privilege Preserved” New Left Review 121 (January-February).
Newman, F. N. 2013. Freedom from national debt. Minneapolis, MN: Hillcrest Publishing Group.
Partnoy, F. 2010. The match king: Ivar Kreuger and the financial scandal of the century. London: Profile Books.
Paulson, H. M. 2010. On the Brink: Inside the Race to Stop the Collapse of the Global Financial System. New York: Business Plus.
Petri, J. 2020. “Your Evening Briefing.” Bloomberg News, May 6.
Powell, J. 2020. “Interview with CNBC.” May 21.
Rauchway, E. 2015. The Money Makers: How Roosevelt and Keynes Ended the Depression, Defeated Fascism, and Secured a Prosperous Peace. New York: Basic Books.
Salsman, R. 2017. The Political Economy of Public Debt: Three Centuries of Theory and Evidence. Cheltenham, UK: Edward Elgar.
Santoli, M. 2020. “Breaking down this sell-off, among the most extreme and rare Wall Street has ever seen.” CNBC News, March 22.
Schacht, H. 1967. The Magic of Money. London: Oldbourn.
Schrimpf, A., S. Shin, and V. Sushko. 2020. “Leverage and Margin Spirals in Fixed Income Markets During the Covid-19 Crisis.” BIS Bulletin 2(April)
Schumpeter, J. (1939) 1964. Business Cycles, abridged edition by R. Fels. Chatham, MI: Porcupine Press.
Sorkin, A. R. 2010. Too big to fail: The inside story of how Wall Street and Washington fought to save the financial system—and themselves. London: Penguin.
Soros, G. 2020. “Perpetual Bonds Could Save the European Union.” Interview given to De Telegraaf, May 22.
Stamos, A., and M. Wu. 2020. “How San Francisco’s Chinatown Got Ahead of the
Coronavirus.” New York Times, April 17.
Summers, L., and J. Furman. 2019. “Who’s Afraid of Budget Deficits?” Foreign Affairs
Tcherneva, P. 2020. The Case for a Job Guarantee. Cambridge, UK: Polity Press.
Traynor, B. 2020. “How Covid-19 is escalating problem debt.” Financial Times, May 1.
Tooze, A. 2008. The Wages of Destruction. London: Penguin.
———. 2018. Crashed: How a decade of financial crises changed the world. London: Penguin.
———. 2020. “Shockwave.” London Review of Books 42(8).
Tymoigne, E., and L. R. Wray. 2014. The Rise and Fall of Money Manager Capitalism.
Abingdon, UK: Routledge.
US Treasury Department. 2016. “Notice Seeking Public Comment on the Evolution of the Treasury Market Structure.” January 22. Available at:
Vague, R. 2019. A Brief History of Doom: Two Hundred Years of Financial Crises. Philadelphia: University of Pennsylvania Press.
Wray, L.R. 1998. Understanding modern money. Cheltenham: Edward Elgar.
———. 2015. Modern money theory: A primer on macroeconomics for sovereign monetary systems. New York: Springer.
Yuko, T., and H. Takashi. 2020. “Japan Doubles Down to Deliver World’s ‘Biggest’ Stimulus Package.” Bloomberg, May 27.
Yun-Casalilla, B., P. K. O’Brien, P. O’Brien, and F. C. Comin (eds.). 2012. The rise of fiscal states: a global history, 1500–1914. Cambridge, UK: Cambridge University Press