This Time Is Different读书介绍
类别 | 页数 | 译者 | 网友评分 | 年代 | 出版社 |
---|---|---|---|---|---|
书籍 | 512页 | 2020 | Princeton University Press |
定价 | 出版日期 | 最近访问 | 访问指数 |
---|---|---|---|
GBP 13.95 | 2020-02-20 … | 2020-06-13 … | 9 |
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.
作者简介卡门 M. 莱因哈特
(Carmen M. Reinhart)
马里兰大学经济学教授。与人共同主编了《21世纪首次全球金融危机》一书,经常为国际货币基金组织和世界银行授课。
肯尼斯•罗格夫
(Kenneth S. Rogoff)
哈佛大学经济学教授、Thomas D. Cabot公共政策教授。《国际宏观经济学基础》的作者之一,美国国家公共广播、《华尔街日报》和《金融时报》特约评论员。
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