Format:
XLV, 463 S.
,
graph. Darst.
Edition:
Online-Ausg. [s.l.] MyiLibrary 2010 Online-Ressource MyiLibrary
ISBN:
9780691142166
Series Statement:
Princeton Shorts Ser.
Content:
We've been assured that the recession is over, but the country and the economy continue to feel the effects of the 2008 financial crisis, and people are still searching for answers about what caused it, what it has wrought, and how we can recover. This selection from the best-selling book This Time Is Different--the definitive history of financial crises, including the recent subprime meltdown--answers these questions and more. Princeton Shorts are brief selections excerpted from influential Princeton University Press publications produced exclusively in eBook format. They are selected with the firm belief that while the original work remains an important and enduring product, sometimes we can all benefit from a quick take on a topic worthy of a longer book. In a world where every second counts, how better to stay up-to speed on current events and digest the kernels of wisdom found in the great works of the past? Princeton Shorts enables you to be an instant expert in a world where information is everywhere but quality is at a premium. The Second Great Contraction does just that.
Content:
Cover -- Contents -- List of Tables -- List of Figures -- List of Boxes -- Preface -- Acknowledgments -- Preamble: Some Initial Intuitions on Financial Fragility and the Fickle Nature of Confidence -- Part I. Financial Crises: An Operational Primer -- 1. Varieties of Crises and Their Dates -- Crises Defined by Quantitative Thresholds: Inflation, Currency Crashes, and Debasement -- Crises Defined by Events: Banking Crises and External and Domestic Default -- Other Key Concepts -- 2. Debt Intolerance: The Genesis of Serial Default -- Debt Thresholds -- Measuring Vulnerability -- Clubs and Regions -- Reflections on Debt Intolerance -- 3. A Global Database on Financial Crises with a Long-Term View -- Prices, Exchange Rates, Currency Debasement, and Real GDP -- Government Finances and National Accounts -- Public Debt and Its Composition -- Global Variables -- Country Coverage -- Part II. Sovereign External Debt Crises -- 4. A Digression on the Theoretical Underpinnings of Debt Crises -- Sovereign Lending -- Illiquidity versus Insolvency -- Partial Default and Rescheduling -- Odious Debt -- Domestic Public Debt -- Conclusions -- 5. Cycles of Sovereign Default on External Debt -- Recurring Patterns -- Default and Banking Crises -- Default and Inflation -- 6. External Default through History -- The Early History of Serial Default: Emerging Europe, 1300-1799 -- Capital Inflows and Default: An "Old World" Story -- External Sovereign Default after 1800: A Global Picture -- Part III. The Forgotten History of Domestic Debt and Default -- 7. The Stylized Facts of Domestic Debt and Default -- Domestic and External Debt -- Maturity, Rates of Return, and Currency Composition -- Episodes of Domestic Default -- Some Caveats Regarding Domestic Debt -- 8. Domestic Debt: The Missing Link Explaining External Default and High Inflation.
Additional Edition:
9786612608179
Additional Edition:
9781400831968
Additional Edition:
9780691152646
Additional Edition:
Druckausg. Reinhart, Carmen M., 1955 - This time is different Princeton, N.J. [u.a.] : Princeton Univ. Press, 2009 9780691142166
Additional Edition:
9780691152646
Language:
English
Subjects:
Economics
Keywords:
Finanzkrise
;
Finanzpolitik
;
Konjunkturzyklus
;
Fallstudiensammlung
URL:
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