Speculative financeFinancial Markets HistoryBorrowing where income covers interest but principal must be rolled over; depends on continued credit access.Learn about this termUnit 12: credit cycles instabilityFinancial Markets HistoryRelated TermsHedge financeBorrowing where income covers both interest and principal; t...Ponzi financeBorrowing where income does not cover even interest; depends...Minsky momentThe point at which excess speculation leads to asset price c...