Both for its originality and this for the sobering patterns of financial behaviour it reveals."-Economist "Reinhart and Rogoff have compiled an impressive database, which covers eight centuries of government debt defaults from around the world.
Reinhart and Kenneth Rogoff."-Bob Lenzner, m time "A fine new different history of financial debacles."-Daniel Gross, Newsweek "Wouldn't it be nice to have 1,000 time for every time a pundit proclaims an era of endless prosperity, consigning booms and busts to the dumpster of history?
Hideo Tsuchiya, Nikkei Weekly "Reinhart and Rogoff have produced a splendid book detailing the massive self-destructive behavior that all states have been undergoing over the past several centuries.
The essence of their book is that while financial crises come in different varieties, they are not mysteriously born of undersea earthquakes, but frequently occurring events that can be spotted and even controlled if politicians and regulators know what to look for." -Devin Leonard, New.One side benefit of this approach is that the current book manages to be both extremely useful to professional economists and accessible to the intelligent lay reader.It is the start of a truly comprehensive approach to the subject.Rogoff is the Thomas.But there has been much debate about the scale of this crisis, and how it ranks against previous events.But their volume is not merely of historical interest.162 The Fiscal Legacy of Financial Crises this Revisited 162 Living with the Wreckage: Some Observations 171 Chapter 11: Default through Debasement: An "Old World Favorite" 174 Chapter 12: Inflation and Modern Currency Crashes 180 An Early History of Inflation Crises 181 Modern Inflation Crises: Regional.275 Chapter 17: Reflections on Early Warnings, Graduation, Policy Responses, and the Foibles of Human Nature 277 On Early Warnings of Crises 278 The Role of International Institutions 281 Graduation 283 Some Observations on Policy Responses 287 The Latest Version of the This-Time-Is-Different Syndrome 290.246 Chapter 16: Composite Measures of Financial Turmoil 248 Developing a Composite Index of Crises: The bcdi Index 249 Defining a Global Financial Crisis 260 The Sequencing of Crises: A Prototype 270 Summary 273 part VI: What Have We Learned?Reinhart book and Kenneth.While countries do weather their financial storms, Reinhart and Rogoff prove that short memories make it all too time easy for crises to recur.The essence of their book is that while financial crises come in different varieties, they are not mysteriously born of undersea earthquakes, but frequently occurring events that can be spotted and even controlled if politicians and regulators know what to look for."-Devin Leonard, New York.Samuelson Award, tiaa-cref One of USA Today's "Year's Best Business Books To Make Sense of Financial Crisis" Listed on m by James Pressley as one of "our favorite financial-crisis books this year" Shortlisted for the 2010 Spear's Book of the Year Award in Financial History. 128 Real GDP in the this Run-up to and the Aftermath of Debt Defaults 129 Inflation in the Run-up to and the Aftermath of Debt Defaults 129 The Incidence of Default on Debts Owed to External and Domestic Creditors 133 Summary and Discussion of Selected Issues.
This games Time Is Different is an important addition to the literature of financial history."-Edward Chancellor, Wall Street Journal "Everyone working on economic policy should own This Time is Different and open it for a transfer bracing blast of sobriety when things seem to be going well."-Greg.
These are lessons worth learning."-Liaquat Ahamed, National Interest "This book's distinctive strength is that it's built around a massive international database going back as far as twelfth-century China and medieval Europe."-Harvard Business Review "Superb."-Neil Reynolds, Globe Mail "Reinhart and Rogoff have compiled an encyclopedic analysis.
Public Debt 327.3.
The authors draw important lessons from history to show us how much-or how little-we have learned.Is an unusually powerful bull detector designed to protect games investors and taxpayers alike-eventually, at least, and provided the spirit is willing.It's a tour de fall force."-Dambisa Moyo, The Browser "This Time is Different is a landmark work on financial crises."-Megan McArdle, m "Readable, shocking, and vital, this is a book that every investor who has been tempted by a hefty interest rate in a faraway land.Reading this excellent book on the paths of previous economic cycles could help avoid some of the worst results of our self-destructive financial acts." -Lloyd Demause, Journal of Psychohistory "Anyone looking for a more different academic take on where this meltdown places in the history.Using clear, sharp analysis and comprehensive data, transfer Reinhart and Rogoff document that financial fallouts occur in clusters and strike with surprisingly consistent frequency, duration, and ferocity.Reinhart and Rogoff have done an extraordinary job in putting together statistics on government debt-a task that economic historians should have done long ago but shied away from because of the difficulties of defining 'government which is often complex and multi-layered."-Harold James, The American Interest.Ross Gittins, Sydney Morning Herald "Seminal." -Rana Faroohar and Bill Saporito, Time "The different pre-eminent history of financial crises." -Adam Davidson, New York Times Magazine "The book by Reinhart and Rogoff is one for the ages, and it will be remembered as a landmark event, not.Has become so influential that when somebody says, 'We live in a Reinhart-Rogoff world everybody else in the room nods sagely."-Justin Lahart, Wall Street Journal "Professor Rogoff and his longtime collaborator Carmen Reinhart.