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The work of the late economist Hyman Minsky's has never been more relevant than in the aftermath of the 2007-2008 global financial crisis. Throughout his career, Jan Kregel has called attention to Minsky' contributions to understanding the evolution of financial systems, the development of financial fragility and instability, and to designing the financial structure necessary to support the capital development of the economy. Building on Minsky, Kregel developed a framework to analyze how different financial structures develop financial fragility over time, focusing in particular on the...