This time is different : eight centuries of financial folly /
Reinhart, Carmen M.
Rogoff, Kenneth S.
Princeton, N.J. ; Oxford : Princeton University Press,
c2009.
Includes bibliographical references and indexes.
Pt. I. Financial crises : an operational primer -- 1. Varieties of crises and their dates -- 2. Debt intolerance : the genesis of serial default -- 3. A global database on financial crises with a long-term view -- Pt. II. Sovereign external debt crises -- 4. A digression on the theoretical underpinnings of debt crises -- 5. Cycles of sovereign default on external debt -- 6. External default through history -- Pt. III. The forgotten history of domestic debt and default -- 7. The stylized facts of domestic debt and default -- 8. Domestic debt : the missing link explaining external default and high inflation -- 9. Domestic and external default : which is worse? who is senior? -- Pt. IV. Banking crises, inflation, and currency crashes -- 10. Banking crises -- 11. Default through debasement : an "old world" favorite -- 12. Inflation and modern currency crashes -- Pt. V. The U.S. subprime meltdown and the second great contraction -- 13. The U.S. subprime crisis : an international and historical comparison -- 14. The aftermath of financial crises -- 15. The international dimensions of the subprime crisis : the results of contagion or common fundamentals? -- 16. Composite measures of financial turmoil -- Pt. VI. What have we learned? -- 17. Reflections on early warnings, graduation, policy responses, and the foibles of human nature.
Financial crises
Fiscal policy
Business cycles