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008 210830t20092009nju fo d z eng d
020 _a9780691152646
_qprint
020 _a9781400831722
_qPDF
024 7 _a10.1515/9781400831722
_2doi
035 _a(DE-B1597)9781400831722
035 _a(DE-B1597)528066
035 _a(OCoLC)1129145872
040 _aDE-B1597
_beng
_cDE-B1597
_erda
050 4 _aHB3722
_b.R45 2011
072 7 _aBUS023000
_2bisacsh
082 0 4 _a338.5/42
_222
084 _aonline - DeGruyter
100 1 _aReinhart, Carmen M.
_eautore
245 1 0 _aThis Time Is Different :
_bEight Centuries of Financial Folly /
_cKenneth S. Rogoff, Carmen M. Reinhart.
264 1 _aPrinceton, NJ :
_bPrinceton University Press,
_c[2009]
264 4 _c©2009
300 _a1 online resource (512 p.) :
_b62 line illus. 30 tables.
336 _atext
_btxt
_2rdacontent
337 _acomputer
_bc
_2rdamedia
338 _aonline resource
_bcr
_2rdacarrier
347 _atext file
_bPDF
_2rda
505 0 0 _tFrontmatter --
_tCONTENTS --
_tLIST OF TABLES --
_tLIST OF FIGURES --
_tLIST OF BOXES --
_tPREFACE --
_tACKNOWLEDGMENTS --
_tPREAMBLE: SOME INITIAL INTUITIONS ON FINANCIAL FRAGILITY AND THE FICKLE NATURE OF CONFIDENCE --
_tPART I. Financial Crises: An Operational Primer --
_tPART II. Sovereign External Debt Crises --
_tPART III. The Forgotten History of Domestic Debt and Default --
_tPART IV. Banking Crises, Inflation, and Currency Crashes --
_tPART V. The U.S. Subprime Meltdown and the Second Great Contraction --
_tPART VI. What Have We Learned? --
_tDATA APPENDIXES --
_tNOTES --
_tREFERENCES --
_tNAME INDEX --
_tSUBJECT INDEX
506 0 _arestricted access
_uhttp://purl.org/coar/access_right/c_16ec
_fonline access with authorization
_2star
520 _aThroughout history, rich and poor countries alike have been lending, borrowing, crashing--and recovering--their way through an extraordinary range of financial crises. Each time, the experts have chimed, "this time is different"--claiming that the old rules of valuation no longer apply and that the new situation bears little similarity to past disasters. With this breakthrough study, leading economists Carmen Reinhart and Kenneth Rogoff definitively prove them wrong. Covering sixty-six countries across five continents, This Time Is Different presents a comprehensive look at the varieties of financial crises, and guides us through eight astonishing centuries of government defaults, banking panics, and inflationary spikes--from medieval currency debasements to today's subprime catastrophe. Carmen Reinhart and Kenneth Rogoff, leading economists whose work has been influential in the policy debate concerning the current financial crisis, provocatively argue that financial combustions are universal rites of passage for emerging and established market nations. The authors draw important lessons from history to show us how much--or how little--we have learned. Using clear, sharp analysis and comprehensive data, Reinhart and Rogoff document that financial fallouts occur in clusters and strike with surprisingly consistent frequency, duration, and ferocity. They examine the patterns of currency crashes, high and hyperinflation, and government defaults on international and domestic debts--as well as the cycles in housing and equity prices, capital flows, unemployment, and government revenues around these crises. While countries do weather their financial storms, Reinhart and Rogoff prove that short memories make it all too easy for crises to recur. An important book that will affect policy discussions for a long time to come, This Time Is Different exposes centuries of financial missteps.
530 _aIssued also in print.
538 _aMode of access: Internet via World Wide Web.
546 _aIn English.
588 0 _aDescription based on online resource; title from PDF title page (publisher's Web site, viewed 30. Aug 2021)
650 0 _aBusiness cycles
_vCase studies.
650 0 _aFinancial crises
_vCase studies.
650 0 _aFiscal policy
_vCase studies.
650 7 _aBUSINESS & ECONOMICS / Economic History.
_2bisacsh
653 _aBen Bernanke.
653 _aBig Five Crises.
653 _aBig Six Crises.
653 _aCharles Kindleberger.
653 _aGDF.
653 _aGDP growth.
653 _aGFD.
653 _aIMF.
653 _aInside Job.
653 _aInternational Monetary Fund.
653 _aLeague of Nations.
653 _aManias, Panics and Crashes.
653 _aMargin Call.
653 _aSecond Great Contraction.
653 _aThe Big Short.
653 _aToo Big to Fail.
653 _aWorld Bank.
653 _abailouts.
653 _abaking crises.
653 _abanking panic.
653 _abanking reforms.
653 _acapital mobility.
653 _acentral banks.
653 _acontagion.
653 _acredit cycles.
653 _acurrency crashes.
653 _acurrency debasements.
653 _adebt crises.
653 _adebt cycles.
653 _adebt defaults.
653 _adebt intolerance.
653 _adebt.
653 _adefaults.
653 _adeflation.
653 _adomestic creditors.
653 _adomestic debt.
653 _adomestic default.
653 _aeconomic downturn.
653 _aequity.
653 _aexchange rate crises.
653 _aexternal default.
653 _afinancial combustion.
653 _afinancial crisis.
653 _agreat contraction of the 1930s.
653 _ahigh inflation.
653 _ainflation crises.
653 _ainflation tax.
653 _amedieval currency crisis.
653 _amedieval currency debasements.
653 _amultilateral lending.
653 _apublic debt.
653 _asovereign default.
653 _asovereign external debt crises.
653 _asovereign lending.
653 _asovereign risk.
653 _astock markets.
653 _asubprime crisis.
653 _asubprime mortgage.
700 1 _aRogoff, Kenneth S.
_eautore
850 _aIT-RoAPU
856 4 0 _uhttps://doi.org/10.1515/9781400831722?locatt=mode:legacy
856 4 0 _uhttps://www.degruyter.com/isbn/9781400831722
856 4 2 _3Cover
_uhttps://www.degruyter.com/cover/covers/9781400831722.jpg
942 _cEB
999 _c205957
_d205957