《This Time Is Different》PDF电子书下载
《This Time Is Different》内容简介
Carmen M. Reinhart、Kenneth Rogoff / Princeton University Press / 2009-9 / GBP 24.95 -
The authors use copious amounts of data ... to make the compelling case that any well-informed person should have seen the Great Recession coming. The essence of their book is that while financial crises come in different varieties, they are not mysteriously born of undersea earthquakes, but frequently occurring events that can be spotted and even controlled if politicians and regulators know what to look for. -- Devin Leonard New York Times Reinhart and Rogoff have compiled an impressive database, which covers eight centuries of government debt defaults from around the world. They have also collected statistics on inflation rates from every country where information is available and on banking crises and international capital flows over the past couple of centuries. This lengthy historical study gives what they call a 'panoramic view' of the unending cycle of boom and bust, showing how claims that 'this time is different' are invariably proven wrong... This Time Is Different doesn't simply explain what went wrong in our most recent crisis. This book also provides a roadmap of how things are likely to pan out in the years to come... This Time Is Different is an important addition to the literature of financial history. -- Edward Chancellor Wall Street Journal Professor Rogoff and his longtime collaborator Carmen Reinhart ... know more about the history of financial crises than anyone alive. The pair have just published their broad survey of financial crises, This Time is Different. In an era when most 'analysts' rely on maybe 30 or 40 years' worth of financial history--and then only that of the U.S.--the authors' knowledge of financial crises and government bond defaults going back to the Spanish empire and before offers a richer perspective. -- Brett Arends Wall Street Journal [E]ssential reading ... both for its originality and for the sobering patterns of financial behaviour it reveals. Economist The four most dangerous words in finance are 'this time is differen
The authors use copious amounts of data ... to make the compelling case that any well-informed person should have seen the Great Recession coming. The essence of their book is that while financial crises come in different varieties, they are not mysteriously born of undersea earthquakes, but frequently occurring events that can be spotted and even controlled if politicians and regulators know what to look for. -- Devin Leonard New York Times Reinhart and Rogoff have compiled an impressive database, which covers eight centuries of government debt defaults from around the world. They have also collected statistics on inflation rates from every country where information is available and on banking crises and international capital flows over the past couple of centuries. This lengthy historical study gives what they call a 'panoramic view' of the unending cycle of boom and bust, showing how claims that 'this time is different' are invariably proven wrong... This Time Is Different doesn't simply explain what went wrong in our most recent crisis. This book also provides a roadmap of how things are likely to pan out in the years to come... This Time Is Different is an important addition to the literature of financial history. -- Edward Chancellor Wall Street Journal Professor Rogoff and his longtime collaborator Carmen Reinhart ... know more about the history of financial crises than anyone alive. The pair have just published their broad survey of financial crises, This Time is Different. In an era when most 'analysts' rely on maybe 30 or 40 years' worth of financial history--and then only that of the U.S.--the authors' knowledge of financial crises and government bond defaults going back to the Spanish empire and before offers a richer perspective. -- Brett Arends Wall Street Journal [E]ssential reading ... both for its originality and for the sobering patterns of financial behaviour it reveals. Economist The four most dangerous words in finance are 'this time is differen