Redde rationem: Keinz, Minsky et la faillite du Long-Term Capital Management vingt ans plus tard
DOI :
https://doi.org/10.21301/eap.v14i1.13Mots-clés :
hypothèse des marchés efficients, Keinz, Minsky, LTCM, spéculationsRésumé
L’objectif du travail est de rendre compte, en étudiant le cas de la faillite du Long-Term Capital Management, grand fond d’investissement (hedge fund) américain, des égarements de la théorie financière moderne. Les postulats du modèle décidant de la validité d’une théorie doivent être réalistes. La responsabilité de la communauté académique dans la création de la politique économique est essentielle car seule une théorie valide peut avoir pour conséquence une politique économique à même d’affronter avec succès l’instabilité de l’économie globale mondiale. D’un autre côté, si l’on néglige ce fait, il est réaliste de s’attendre à de nouvelles secousses financières dans les temps à venir.
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