This time is different : eight centuries of financial folly
.PUBLICATION, DISTRIBUTION, ETC
Place of Publication, Distribution, etc.
Princeton )N.J.( ; Woodstock
Name of Publisher, Distributor, etc.
Princeton University Press
Date of Publication, Distribution, etc.
2011
GENERAL NOTES
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Includes bibliographical references and index
NOTES PERTAINING TO TITLE AND STATEMENT OF RESPONSIBILITY
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Carmen M. Reinhart, Kenneth S. Rogoff
NOTES PERTAINING TO RESPONSIBILITY
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Throughout 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