This Time Is Different: Eight Centuries Of Financi..., De Carmen M. Reinhart, Keh S. Rogoff. Editorial Princeton University Press En Inglés
Lo que tienes que saber de este producto
- ISBN: 09780691152646.
Características del producto
Características principales
Título del libro | This Time Is Different: Eight Centuries Of Financi... |
---|---|
Autor | Carmen M. Reinhart, Keh S. Rogoff |
Idioma | Inglés |
Editorial del libro | Princeton University Press |
Otras características
ISBN | 09780691152646 |
---|
Descripción
Titulo: This Time Is Different: Eight Centuries of Financial Folly
- Autor: Carmen M. Reinhart, Keh S. Rogoff
- Idioma: Ingles
- Formato: Papel -Tapa Blanda
- Editorial: Princeton University Press
- ISBN-13: 9780691152646
- Páginas: 512
- Dimensiones: 21.59cm. x 3.81cm. x 13.97cm.
- Peso: 0.55 kg.
-----------------------------------------------------------
-Descripción:
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, claiming that the old rules of valuation no longer apply and that the situation bears little similarity to past disasters. With this study, economists Carmen Reinhart and Keh 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 centuries of government defaults, banking panics, and inflationary spikes--from medieval currency debasements to today's subprime catastrophe. Carmen Reinhart and Keh Rogoff, economists whose work has been influential in the policy debate concerning the financial crisis, argue that financial combustions are universal rites of passage for emerging and established market nations. The authors draw important lessons from history to show how much--or how little--we have learned. Using analysis and comprehensive data, Reinhart and Rogoff document that financial fallouts occur in clusters and strike with 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 easy for crises to recur. An important book that will affect policy discussions, This Time Is Different exposes centuries of financial missteps.