Minskys, Financial Instability Hypothesis “Und Die Deutschen Banken
Lucas Barbosa Becker

Abstract
The financial crisis of 2007/2008 and the „Great Recession“ which followed it are one of the most incredible shocks in the history of the market economy. Amidst so many bad news one country seems to have been basically untouched by the financial meltdown: Germany. In this paper we will try to find some first causes of this exception. To do so, we first concentrate on Minsky´s „Financial Instability Hypothesis“, as we believe that some theoretical apparatus is necessary to help us analyze our data and current situation. Then we will look at some data about the German financial system and its international connections, which, we can say, show a very specific pattern of development. We find that German banks are highly exposed to risks in the European private and banking sectors.

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