This Time is Different - Reinhart, Carmen M.;Rogoff, Kenneth S.
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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.

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Produktbeschreibung
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.
Autorenporträt
Carmen M. Reinhart is the Minos A. Zombanakis Professor of the International Financial System at the Harvard Kennedy School and former vice president and chief economist at the World Bank. Kenneth S. Rogoff is the Maurits C. Boas Chair of International Economics at Harvard University. He is the author of The Curse of Cash (Princeton) and a frequent commentator for NPR, the Wall Street Journal, and the Financial Times.