Hi,

I need some help with these questions. Trying to study for upcoming exam in macro.

1)Specify and briefly explain the four phases of the model of a general financial crisis given to us by economist Hyman Minsky.

2) According to Minsky, the financial system is unstable, fragile and prone to crisis.How does the corona virus pandemic fit into the Minsky perspective?

3)Extensively describe the Debtors' Risk Premium component of the Nominal Rate of Interest.That is, explain why it arises and how it works.Describe any discrimination which arises, as well