Code: 04409471

This Time Is Different

Name: This Time Is Different
Brand: Princeton University Press
SKU: 04409471
Price: 17.73 EUR
Availability: InStock
Author: Carmen Reinhart
ISBN: 9780691152646

by Carmen Reinhart

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Language: English
Binding: Paperback
Number of pages: 512
Publisher: Princeton University Press, 2011
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Book synopsis

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.