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010   $a9781400831722 (e-book)
010   $a9780691142166 (hbk.)
024 7 $a10.1515/9781400831722
035   $a(MiAaPQ)EBC766197
035   $a(MiAaPQ)EBC5406261
035   $a(DE-B1597)528066
035   $a(OCoLC)1129145872
035   $a(DE-B1597)9781400831722
035   $a(EXLCZ)993710000001296731
100   $a20191126d2009      fg             0
101 0 $aeng
135   $aur|n|nnn||||n
181   $ctxt$2rdacontent
182   $cc$2rdamedia
183   $acr$2rdacarrier
200 10$aThis time is different$b[electronic resource] $eeight centuries of financial folly /$fCarmen M. Reinhart, Kenneth S. Rogoff
210   $aPrinceton, N.J. $cPrinceton Univ. P.$d2009
215   $a1 online resource (xlv, 463 p.) $cill
327   $aPREAMBLE: SOME INITIAL INTUITIONS ON FINANCIAL FRAGILITY AND THE FICKLE NATURE OF CONFIDENCE -- PART I. Financial Crises: An Operational Primer -- PART II. Sovereign External Debt Crises -- PART III. The Forgotten History of Domestic Debt and Default -- PART IV. Banking Crises, Inflation, and Currency Crashes -- PART V. The U.S. Subprime Meltdown and the Second Great Contraction -- PART VI. What Have We Learned? -- DATA APPENDIXES -- NOTES -- REFERENCES -- NAME INDEX -- SUBJECT INDEX.
330   $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.
606   $aBusiness cycles$vCase studies
606   $aFiscal policy$vCase studies
606   $aFinancial crises$vCase studies
610   $aBen Bernanke.
610   $aBig Five Crises.
610   $aBig Six Crises.
610   $aCharles Kindleberger.
610   $aGDF.
610   $aGDP growth.
610   $aGFD.
610   $aIMF.
610   $aInside Job.
610   $aInternational Monetary Fund.
610   $aLeague of Nations.
610   $aManias, Panics and Crashes.
610   $aMargin Call.
610   $aSecond Great Contraction.
610   $aThe Big Short.
610   $aToo Big to Fail.
610   $aWorld Bank.
610   $abailouts.
610   $abaking crises.
610   $abanking panic.
610   $abanking reforms.
610   $acapital mobility.
610   $acentral banks.
610   $acontagion.
610   $acredit cycles.
610   $acurrency crashes.
610   $acurrency debasements.
610   $adebt crises.
610   $adebt cycles.
610   $adebt defaults.
610   $adebt intolerance.
610   $adebt.
610   $adefaults.
610   $adeflation.
610   $adomestic creditors.
610   $adomestic debt.
610   $adomestic default.
610   $aeconomic downturn.
610   $aequity.
610   $aexchange rate crises.
610   $aexternal default.
610   $afinancial combustion.
610   $afinancial crisis.
610   $agreat contraction of the 1930s.
610   $ahigh inflation.
610   $ainflation crises.
610   $ainflation tax.
610   $amedieval currency crisis.
610   $amedieval currency debasements.
610   $amultilateral lending.
610   $apublic debt.
610   $asovereign default.
610   $asovereign external debt crises.
610   $asovereign lending.
610   $asovereign risk.
610   $astock markets.
610   $asubprime crisis.
610   $asubprime mortgage.
615  0$aBusiness cycles
615  0$aFiscal policy
615  0$aFinancial crises
676   $a338.542
700   $aReinhart$b Carmen M$0477496
701   $aRogoff$b Kenneth S$0324217
801  0$bDE-B1597
801  1$bDE-B1597
912   $a9910792808203321
996   $aThis time is different$91211498
997   $aUNINA