关键词: 明斯基时刻 , 中国的明斯基时刻 , 明斯基动态

Abstract: Following the Great Recession, whether “Chinese Minsky Moment” will come has become a hot controversial topic. The argument is mainly around whether China today is already in speculative financing or even the Ponzi financing stage, and whether the Chinese government has the ability to prevent the outbreak of Minsky moment. Unfortunately, owing to the lack of conclusive evidence and sufficient arguments, it is hard to judge if Minsky moment will come to China in terms of these two respects. But according to Minskys vision, trying to predict when the Minsky moment will arrive is neither necessary nor likely. Instead, it is important to understand and concern the “Minsky dynamics” which leads to the outbreak of Minsky moments. From this perspective, China should constantly focus on the mitigation and improvement of the exacerbating dynamics in recent years,  and actively concerns on all kinds of local emergency risks in order to timely and effectively contain the spread of them.

Key words: Minsky moment , Chinese Minsky moment; , Minsky dynamics