{"product_id":"this-time-is-different-eight-centuries-of-financial-folly-paperback","title":"This Time Is Different: Eight Centuries of Financial Folly - Paperback","description":"\u003cdiv\u003e\u003cp style=\"text-align: right;\"\u003e\u003ca href=\"https:\/\/reportcopyrightinfringement.com\/\" target=\"_blank\" rel=\"nofollow\"\u003e\u003cb\u003eReport copyright infringement\u003c\/b\u003e\u003c\/a\u003e\u003c\/p\u003e\u003c\/div\u003e\u003cp\u003eby \u003cb\u003eCarmen M. Reinhart\u003c\/b\u003e (Author), \u003cb\u003eKenneth S. Rogoff\u003c\/b\u003e (Author)\u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003e\u003cb\u003eThe acclaimed \u003ci\u003eNew York Times\u003c\/i\u003e bestselling history of \u003c\/b\u003e\u003cb\u003efinancial crises\u003c\/b\u003e \u003c\/p\u003e\u003cp\u003e\u003c\/p\u003eThroughout 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. \u003cp\u003e\u003c\/p\u003eCovering sixty-six countries across five continents and eight centuries, \u003ci\u003eThis Time Is Different\u003c\/i\u003e presents a comprehensive look at the varieties of financial crises--including government defaults, banking panics, and inflationary spikes--from medieval currency debasements to the subprime mortgage catastrophe. Reinhart and Rogoff provocatively argue that financial combustions are universal rites of passage for emerging and established market nations. \u003cp\u003e\u003c\/p\u003eA remarkable history of financial folly, \u003ci\u003eThis Time Is Different \u003c\/i\u003ewill influence financial and economic thinking and policy for decades to come.\u003ch3\u003eBack Jacket\u003c\/h3\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003e\"\u003ci\u003eThis Time Is Different\u003c\/i\u003e is a tremendously exciting, topical, and controversial book on the history of debt and default. This one belongs on everyone's shelf.\"\u003cb\u003e--Barry Eichengreen, author of \u003ci\u003eThe European Economy since 1945\u003c\/i\u003e\u003c\/b\u003e\u003c\/p\u003e\u003cp\u003e\"This is quite simply the best empirical investigation of financial crises ever published. Covering hundreds of years and bringing together a dizzying array of data, Reinhart and Rogoff have made a truly heroic contribution to financial history. This single marvelous volume is worth a thousand mathematical models.\"\u003cb\u003e--Niall Ferguson, author of \u003ci\u003eThe Ascent of Money: A Financial History of the World\u003c\/i\u003e\u003c\/b\u003e\u003c\/p\u003e\u003cp\u003e\"\u003ci\u003eThis Time is Different\u003c\/i\u003e is terrific, for it gives just the perspective we need on the current world economic crisis. People can't expect to understand the current crisis without some in-depth look at past crises. That is exactly what this excellent and timely book provides.\"\u003cb\u003e--Robert J. Shiller, author of \u003ci\u003eIrrational Exuberance\u003c\/i\u003e and coauthor of \u003ci\u003eAnimal Spirits\u003c\/i\u003e\u003c\/b\u003e\u003c\/p\u003e\u003cp\u003e\"You will be hard-pressed to find a more comprehensive and insightful analysis of financial crises. Reinhart and Rogoff's superb book is a must-read for anyone looking to understand past and present crises, as well as navigate those of tomorrow.\"\u003cb\u003e--Mohamed El-Erian, author of \u003ci\u003eWhen Markets Collide\u003c\/i\u003e\u003c\/b\u003e\u003c\/p\u003e\u003cp\u003e\"I would say that her [Carmen Reinhart's] book with Ken Rogoff on debt crises and financial crises is an extraordinary piece of work.\"\u003cb\u003e--Federal Reserve Chairman Ben Bernanke, speaking before the House Budget Committee (6\/9\/2010)\u003c\/b\u003e\u003c\/p\u003e\u003cp\u003e\"The most important authorities probably in the world now on financial crashes are Kenneth Rogoff and Carmen Reinhart. . . . And I read it [\u003ci\u003eThis Time is Different\u003c\/i\u003e].\"\u003cb\u003e--Former President Bill Clinton, speech at Youngstown, OH, October 31, 2012\u003c\/b\u003e\u003c\/p\u003e\u003cp\u003e\"A classic.\"\u003cb\u003e--Nouriel Roubini\u003c\/b\u003e\u003c\/p\u003e\u003ch3\u003eAuthor Biography\u003c\/h3\u003e\u003cp\u003e\u003cb\u003eCarmen M. Reinhart \u003c\/b\u003eis the Minos A. Zombanakis Professor of the International Financial System at the Harvard Kennedy School and former vice president and chief economist at the World Bank. \u003cb\u003eKenneth S. Rogoff \u003c\/b\u003eis the Maurits C. Boas Chair of International Economics at Harvard University. He is the author of \u003ci\u003eThe Curse of Cash\u003c\/i\u003e (Princeton) and a frequent commentator for NPR, the \u003ci\u003eWall Street Journal\u003c\/i\u003e, and the \u003ci\u003eFinancial Times\u003c\/i\u003e.\u003c\/p\u003e\n            \u003cdiv\u003e\n\u003cstrong\u003eNumber of Pages:\u003c\/strong\u003e 512\u003c\/div\u003e\n            \u003cdiv\u003e\n\u003cstrong\u003eDimensions:\u003c\/strong\u003e 1.7 x 8.5 x 5.4 IN\u003c\/div\u003e\n            \u003cdiv\u003e\n\u003cstrong\u003eIllustrated:\u003c\/strong\u003e Yes\u003c\/div\u003e\n            \u003cdiv\u003e\n\u003cstrong\u003ePublication Date:\u003c\/strong\u003e August 07, 2011\u003c\/div\u003e\n            ","brand":"BooksCloud","offers":[{"title":"Default Title","offer_id":52371309461778,"sku":"9780691152646","price":23.95,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0941\/2211\/5346\/files\/PtIAgBgrne9780691152646.webp?v=1781220567","url":"https:\/\/ckbookstore.net\/products\/this-time-is-different-eight-centuries-of-financial-folly-paperback","provider":"CK BOOKSTORE","version":"1.0","type":"link"}