TY - BOOK ID - 7137333 TI - This time is different : eight centuries of financial folly AU - Reinhart, Carmen M. AU - Rogoff, Kenneth PY - 2009 SN - 9780691152646 9780691142166 9781400831722 0691142165 PB - Princeton, N.J. Princeton University Press DB - UniCat KW - Financial crises KW - Fiscal policy KW - Business cycles KW - 338.12 KW - 338 <09> KW - -Fiscal policy KW - -Business cycles KW - -Economic cycles KW - Economic fluctuations KW - Cycles KW - Tax policy KW - Taxation KW - Economic policy KW - Finance, Public KW - Crashes, Financial KW - Crises, Financial KW - Financial crashes KW - Financial panics KW - Panics (Finance) KW - Stock exchange crashes KW - Stock market panics KW - Crises KW - Conjunctuurbewegingen. Economische fluctuatie. Investeringscycli. Conjunctuuranalyse. Conjunctuuronderzoek. Conjunctuurprognoses KW - Economische geschiedenis KW - Government policy KW - -Conjunctuurbewegingen. Economische fluctuatie. Investeringscycli. Conjunctuuranalyse. Conjunctuuronderzoek. Conjunctuurprognoses KW - 338 <09> Economische geschiedenis KW - 338.12 Conjunctuurbewegingen. Economische fluctuatie. Investeringscycli. Conjunctuuranalyse. Conjunctuuronderzoek. Conjunctuurprognoses KW - -338 <09> Economische geschiedenis KW - Economic cycles KW - #SBIB:33H15 KW - 333.613 KW - 333.645 KW - monetaire crisis KW - 336.7 <09> KW - bankwezen KW - sectoriële analyse KW - -338.542 KW - Economie: geld en krediet KW - Activiteiten van de nationale en internationale markten. Beursnoteringen van aandelen en obligaties. KW - Speculatie op de beurs. KW - crise monetaire KW - Geschiedenis van het bankwezen KW - Financiële crisis KW - 336.7 <09> Geschiedenis van het bankwezen KW - #SBIB:33H072 KW - AA / International- internationaal KW - US / United States of America - USA - Verenigde Staten - Etats Unis KW - 331.162.1 KW - 333.481 KW - 333.17 KW - histoire economique KW - marches financiers KW - crise financiere KW - economische geschiedenis KW - Wereldmarkten KW - Geschiedenis van de financiële markten. KW - Monetaire crisissen, hervormingen, saneringen en stabilisering. KW - Crises, saneringen en hervormingen van het bankwezen. KW - financiele markten KW - financiele crisis KW - -Tax policy KW - 338.542 KW - Geschiedenis van de financiële markten KW - Crises, saneringen en hervormingen van het bankwezen KW - Monetaire crisissen, hervormingen, saneringen en stabilisering KW - Activiteiten van de nationale en internationale markten. Beursnoteringen van aandelen en obligaties KW - Speculatie op de beurs KW - Money. Monetary policy KW - Financial crises - Case studies KW - Fiscal policy - Case studies KW - Business cycles - Case studies KW - Ben Bernanke. KW - Big Five Crises. KW - Big Six Crises. KW - Charles Kindleberger. KW - GDF. KW - GDP growth. KW - GFD. KW - IMF. KW - Inside Job. KW - International Monetary Fund. KW - League of Nations. KW - Manias, Panics and Crashes. KW - Margin Call. KW - Second Great Contraction. KW - The Big Short. KW - Too Big to Fail. KW - World Bank. KW - bailouts. KW - baking crises. KW - banking panic. KW - banking reforms. KW - capital mobility. KW - central banks. KW - contagion. KW - credit cycles. KW - currency crashes. KW - currency debasements. KW - debt crises. KW - debt cycles. KW - debt defaults. KW - debt intolerance. KW - debt. KW - defaults. KW - deflation. KW - domestic creditors. KW - domestic debt. KW - domestic default. KW - economic downturn. KW - equity. KW - exchange rate crises. KW - external default. KW - financial combustion. KW - financial crisis. KW - great contraction of the 1930s. KW - high inflation. KW - inflation crises. KW - inflation tax. KW - medieval currency crisis. KW - medieval currency debasements. KW - multilateral lending. KW - public debt. KW - sovereign default. KW - sovereign external debt crises. KW - sovereign lending. KW - sovereign risk. KW - stock markets. KW - subprime crisis. KW - subprime mortgage. KW - Crises financières KW - Politique fiscale KW - Cycles économiques KW - études de cas KW - Crises financières KW - Cycles économiques KW - études de cas UR - https://www.unicat.be/uniCat?func=search&query=sysid:7137333 AB - 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. Carmen Reinhart and Kenneth Rogoff, leading economists whose work has been influential in the policy debate concerning the current financial crisis, provocatively argue that financial combustions are universal rites of passage for emerging and established market nations. The authors draw important lessons from history to show us how much - or how little - we have learned. 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. An important book that will affect policy discussions for a long time to come, This Time Is Different exposes centuries of financial missteps. ER -