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"This time is different": panorama of eight centuries of financial crises

Author

Listed:
  • Reinhart, Karmen

    (University of Maryland)

  • Rogoff, Kenneth

    (Harvard University)

Abstract

Unfortunately, in today's economy it made in the evaluation of recent experience to settle for standard, publicly available data. With rare exceptions, cross-country studies of financial crises are based on data from 1980 and are limited on many other important parameters. This is despite the fact that an event that may seem unprecedented in scale three decades, in the broader context appears not so exceptional.

Suggested Citation

  • Reinhart, Karmen & Rogoff, Kenneth, 2009. ""This time is different": panorama of eight centuries of financial crises," Ekonomicheskaya Politika / Economic Policy, Russian Presidential Academy of National Economy and Public Administration, vol. 1, pages 77-114, March.
    • Handle: RePEc:rnp:ecopol:09111
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    References listed on IDEAS

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    More about this item

    Keywords

    financial crises; history;

    JEL classification:

    • E6 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook
    • F3 - International Economics - - International Finance
    • N0 - Economic History - - General

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