BOLHAS E CRISES FINANCEIRAS: O CRESCIMENTO FRAGILIZADO DA ECONOMIA NORTE-AMERICANA A PARTIR DA DÉCADA DE 90

Abstract

This paper aims to study certain aspects of the business cycles of the U.S economy on the last two decades. During this period, there were two long phases of continuous growth followed by financial crisis. The major expansionary forces were financial unbalances that generated asset bubbles. To accomplish that, this work presents the Minskyan theoretical bases as a guide to the analysis of the dynamics of these unbalances, especially its determinants.