Coverart for item
The Resource This time is different : eight centuries of financial folly, Carmen M. Reinhart, Kenneth S. Rogoff

This time is different : eight centuries of financial folly, Carmen M. Reinhart, Kenneth S. Rogoff

Label
This time is different : eight centuries of financial folly
Title
This time is different
Title remainder
eight centuries of financial folly
Statement of responsibility
Carmen M. Reinhart, Kenneth S. Rogoff
Creator
Contributor
Subject
Genre
Language
eng
Summary
An empirical investigation of financial crises during the last 800 years
Member of
Action
digitized
Awards note
  • Winner of the 2010 TIAA-CREF Paul A. Samuelson Award
  • Association of American Publishers PROSE Award, 2009.
Cataloging source
N$T
http://library.link/vocab/creatorName
Reinhart, Carmen M
Dewey number
338.5/42
Illustrations
illustrations
Index
index present
Language note
In English
LC call number
HB3722
LC item number
.R45 2009eb
Literary form
non fiction
Nature of contents
  • dictionaries
  • bibliography
http://library.link/vocab/relatedWorkOrContributorName
Rogoff, Kenneth S
http://library.link/vocab/subjectName
  • Financial crises
  • Fiscal policy
  • Business cycles
  • BUSINESS & ECONOMICS
  • Business cycles
  • Financial crises
  • Fiscal policy
  • Finanzkrise
  • BUSINESS & ECONOMICS / Economic History
  • Crise financière
  • Endettement
  • Dette extérieure
  • Banques
  • Crédit à risques
  • Histoire économique
  • Financiële crises
  • Belastingpolitiek
  • Business cycles
  • Financial crises
  • Fiscal policy
  • Business cycles
Label
This time is different : eight centuries of financial folly, Carmen M. Reinhart, Kenneth S. Rogoff
Instantiates
Publication
Antecedent source
unknown
Bibliography note
Includes bibliographical references (pages 409-433) and indexes
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Color
multicolored
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Contents
  • List of tables -- List of figures -- List of boxes -- Preface -- Acknowledgments -- Preamble : some initial intuitions on financial fragility and the fickle nature of confidence -- pt. I. Financial crises : an operational primer -- 1. Varieties of crises and their dates -- Crises defined by quantitative thresholds : inflation, currency crashes, and debasement -- Crises defined by events : banking crises and external and domestic default -- Other key concepts -- 2. Debt intolerance : the genesis of serial default -- Debt thresholds -- Measuring vulnerability -- Clubs and regions -- Reflections on debt intolerance -- 3. A global database on financial crises with a long-term view -- Prices, exchange rates, currency debasement, and real GDP -- Government finances and national accounts -- Public debt and its composition -- Global variables -- Country coverage -- pt. II. Sovereign external debt crises -- 4. A digression on the theoretical underpinnings of debt crises -- Sovereign lending -- Illiquidity versus insolvency -- Partial default and rescheduling -- Odious debt -- Domestic public debt -- Conclusions -- 5. Cycles of sovereign default on external debt -- Recurring patterns -- Default and banking crises -- Default and inflation -- Global factors and cycles of global external default -- The duration of default episodes -- 6. External default through history -- The early history of serial default : emerging Europe, 1300--1799 -- Capital inflows and default : an "old world" story -- External sovereign default after 1800 : a global picture
  • pt. III. The forgotten history of domestic debt and default -- 7. The stylized facts of domestic debt and default -- Domestic and external debt -- Maturity, rates of return, and currency composition -- Episodes of domestic default -- Some caveats regarding domestic debt -- 8. Domestic debt : the missing link explaining external default and high inflation -- Understanding the debt intolerance puzzle -- Domestic debt on the eve and in the aftermath of external default -- The literature on inflation and the "inflation tax" -- Defining the tax base : domestic debt or the monetary base? -- The "temptation to inflate" revisited -- 9. Domestic and external default : which is worse? Who is senior? -- Real GDP in the run-up to and the aftermath of debt defaults -- Inflation in the run-up to and the aftermath of debt defaults -- The incidence of default on debts owed to external and domestic creditors -- Summary and discussion of selected issues -- pt. IV. Banking crises, inflation, and currency crashes -- 10. Banking crises -- A preamble on the theory of banking crises -- Banking crises : an equal-opportunity menace -- Banking crises, capital mobility, and financial liberalization -- Capital flow bonanzas, credit cycles, and asset prices -- Overcapacity bubbles in the financial industry? -- The fiscal legacy of financial crises revisited -- Living with the wreckage : some observations -- 11. Default through debasement : an "old world favorite" -- 12. Inflation and modern currency crashes -- An early history of inflation crises -- Modern inflation crises : regional comparisons -- Currency crashes -- The aftermath of high inflation and currency collapses -- Undoing domestic dollarization
  • pt. V. The U.S. subprime meltdown and the second great contraction -- 13. The U.S. subprime crisis : an international and historical comparison -- A global historical view of the subprime crisis and its aftermath -- The this-time-is-different syndrome and the run-up to the subprime crisis -- Risks posed by sustained U.S. borrowing from the rest of the world : the debate before the crisis -- The episodes of postwar bank-centered financial crisis -- A comparison of the subprime crisis with past crises in advanced economies -- Summary -- 14. The aftermath of financial crises -- Historical episodes revisited -- The downturn after a crisis : depth and duration -- The fiscal legacy of crises -- Sovereign risk -- Comparisons with experiences from the first great contraction in the 1930s -- Concluding remarks -- 15. The international dimensions of the subprime crisis : the results of contagion or common fundamentals? -- Concepts of contagion -- Selected earlier episodes -- Common fundamentals and the second great contraction -- Are more spillovers under way? -- 16. Composite measures of financial turmoil -- Developing a composite index of crises : the BCDI index -- Defining a global financial crisis -- The sequencing of crises : a prototype -- Summary -- pt. VI. What have we learned? -- 17. Reflections on early warnings, graduation, policy responses, and the foibles of human nature -- On early warnings of crises -- The role of international institutions -- Graduation -- Some observations on policy responses -- The latest version of the this-time-is-different syndrome -- Data appendixes -- A.1. Macroeconomic time series -- A.2. Public debt -- A.3. Dates of banking crises -- A.4. Historical summaries of banking crises -- Notes -- References -- Name index -- Subject index
Control code
659564035
Dimensions
unknown
Extent
1 online resource (xlv, 463 pages)
File format
unknown
Form of item
online
Isbn
9786612935930
Lccn
2009022616
Level of compression
unknown
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Other control number
  • 99956733333
  • 10.1515/9781400831722
Other physical details
illustrations
http://library.link/vocab/ext/overdrive/overdriveId
  • 260817
  • e3e55f69-be58-42ad-9d1c-f4d93d72a4c5
  • 22573/ctvckv3gx
Quality assurance targets
not applicable
Reformatting quality
unknown
Reproduction note
Electronic reproduction.
Sound
unknown sound
Specific material designation
remote
System control number
(OCoLC)659564035
System details
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002.
Label
This time is different : eight centuries of financial folly, Carmen M. Reinhart, Kenneth S. Rogoff
Publication
Antecedent source
unknown
Bibliography note
Includes bibliographical references (pages 409-433) and indexes
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Color
multicolored
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Contents
  • List of tables -- List of figures -- List of boxes -- Preface -- Acknowledgments -- Preamble : some initial intuitions on financial fragility and the fickle nature of confidence -- pt. I. Financial crises : an operational primer -- 1. Varieties of crises and their dates -- Crises defined by quantitative thresholds : inflation, currency crashes, and debasement -- Crises defined by events : banking crises and external and domestic default -- Other key concepts -- 2. Debt intolerance : the genesis of serial default -- Debt thresholds -- Measuring vulnerability -- Clubs and regions -- Reflections on debt intolerance -- 3. A global database on financial crises with a long-term view -- Prices, exchange rates, currency debasement, and real GDP -- Government finances and national accounts -- Public debt and its composition -- Global variables -- Country coverage -- pt. II. Sovereign external debt crises -- 4. A digression on the theoretical underpinnings of debt crises -- Sovereign lending -- Illiquidity versus insolvency -- Partial default and rescheduling -- Odious debt -- Domestic public debt -- Conclusions -- 5. Cycles of sovereign default on external debt -- Recurring patterns -- Default and banking crises -- Default and inflation -- Global factors and cycles of global external default -- The duration of default episodes -- 6. External default through history -- The early history of serial default : emerging Europe, 1300--1799 -- Capital inflows and default : an "old world" story -- External sovereign default after 1800 : a global picture
  • pt. III. The forgotten history of domestic debt and default -- 7. The stylized facts of domestic debt and default -- Domestic and external debt -- Maturity, rates of return, and currency composition -- Episodes of domestic default -- Some caveats regarding domestic debt -- 8. Domestic debt : the missing link explaining external default and high inflation -- Understanding the debt intolerance puzzle -- Domestic debt on the eve and in the aftermath of external default -- The literature on inflation and the "inflation tax" -- Defining the tax base : domestic debt or the monetary base? -- The "temptation to inflate" revisited -- 9. Domestic and external default : which is worse? Who is senior? -- Real GDP in the run-up to and the aftermath of debt defaults -- Inflation in the run-up to and the aftermath of debt defaults -- The incidence of default on debts owed to external and domestic creditors -- Summary and discussion of selected issues -- pt. IV. Banking crises, inflation, and currency crashes -- 10. Banking crises -- A preamble on the theory of banking crises -- Banking crises : an equal-opportunity menace -- Banking crises, capital mobility, and financial liberalization -- Capital flow bonanzas, credit cycles, and asset prices -- Overcapacity bubbles in the financial industry? -- The fiscal legacy of financial crises revisited -- Living with the wreckage : some observations -- 11. Default through debasement : an "old world favorite" -- 12. Inflation and modern currency crashes -- An early history of inflation crises -- Modern inflation crises : regional comparisons -- Currency crashes -- The aftermath of high inflation and currency collapses -- Undoing domestic dollarization
  • pt. V. The U.S. subprime meltdown and the second great contraction -- 13. The U.S. subprime crisis : an international and historical comparison -- A global historical view of the subprime crisis and its aftermath -- The this-time-is-different syndrome and the run-up to the subprime crisis -- Risks posed by sustained U.S. borrowing from the rest of the world : the debate before the crisis -- The episodes of postwar bank-centered financial crisis -- A comparison of the subprime crisis with past crises in advanced economies -- Summary -- 14. The aftermath of financial crises -- Historical episodes revisited -- The downturn after a crisis : depth and duration -- The fiscal legacy of crises -- Sovereign risk -- Comparisons with experiences from the first great contraction in the 1930s -- Concluding remarks -- 15. The international dimensions of the subprime crisis : the results of contagion or common fundamentals? -- Concepts of contagion -- Selected earlier episodes -- Common fundamentals and the second great contraction -- Are more spillovers under way? -- 16. Composite measures of financial turmoil -- Developing a composite index of crises : the BCDI index -- Defining a global financial crisis -- The sequencing of crises : a prototype -- Summary -- pt. VI. What have we learned? -- 17. Reflections on early warnings, graduation, policy responses, and the foibles of human nature -- On early warnings of crises -- The role of international institutions -- Graduation -- Some observations on policy responses -- The latest version of the this-time-is-different syndrome -- Data appendixes -- A.1. Macroeconomic time series -- A.2. Public debt -- A.3. Dates of banking crises -- A.4. Historical summaries of banking crises -- Notes -- References -- Name index -- Subject index
Control code
659564035
Dimensions
unknown
Extent
1 online resource (xlv, 463 pages)
File format
unknown
Form of item
online
Isbn
9786612935930
Lccn
2009022616
Level of compression
unknown
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Other control number
  • 99956733333
  • 10.1515/9781400831722
Other physical details
illustrations
http://library.link/vocab/ext/overdrive/overdriveId
  • 260817
  • e3e55f69-be58-42ad-9d1c-f4d93d72a4c5
  • 22573/ctvckv3gx
Quality assurance targets
not applicable
Reformatting quality
unknown
Reproduction note
Electronic reproduction.
Sound
unknown sound
Specific material designation
remote
System control number
(OCoLC)659564035
System details
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002.

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