This Time is Different: Eight Centuries of Financial Folly
- 8h 55m 16s
- Carmen Reinhart, Kenneth Rogoff
- Gildan Media
- 2011
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. This audio book proves that premise 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.
In this Audiobook
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Chapter 1: Varieties of Crises and Their Dates
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Chapter 2: Debt Intolerance: The Genesis of Serial Default
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Chapter 3: A Global Database on Financial Crises with a Long-Term View
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Chapter 4: A Digression on the Theoretical Underpinnings of Debt Crises
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Chapter 5: Cycles of Sovereign Default on External Debt
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Chapter 6: External Default through History
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Chapter 7: The Stylized Facts of Domestic Debt and Default
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Chapter 8: Domestic Debt: The Missing Link Explaining External Default and High Inflation
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Chapter 9: Domestic and External Default: Which Is Worse? Who Is Senior?
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Chapter 10: Banking Crises
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Chapter 11: Default Through Debasement: An “Old World” Favorite
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Chapter 12: Inflation and Modern Currency Crashes
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Chapter 13: The U.S. Subprime Crisis: An International and Historical Comparison
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Chapter 14: The Aftermath of Financial Crises
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Chapter 15: The International Dimensions of the Subprime Crisis: The Results of Contagion Or Common Fundamentals?
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Chapter 16: Composite Measures of Financial Turmoil
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Chapter 17: Reflections on Early Warnings, Graduation, Policy Responses, and the Foibles of Human Nature
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