Jadis et Naguère, la vision des crises financières dans l'histoire, selon Reinhart et Rogoff
AbstractThis paper analyzes how economic history and cliometrics can improve our understanding of the financial crises. We discuss the contributions of authors like Reinhart and Rogoff, Bordo and Eichengreen. According to Reinhart and Rogoff the recent crisis is similar in many aspects to former financial crises. Therefore, this time is not different. This view contradicts Bordo and Eicheingreen?s vision according to which crises have become more severe and more frequent since 1973. However, we need history to understand recent economic events, as argued by Flandreau and Zumer. Regarding past crises both economists and policymakers tried to understand the role of debt and risk default in the triggering of financial crises. Classification JEL : B20, B31, E65
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Bibliographic InfoArticle provided by Presses de Sciences-Po in its journal Revue économique.
Volume (Year): 62 (2011)
Issue (Month): 6 ()
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Other versions of this item:
- Antoine Parent, 2011. "Jadis et Naguère, la vision des crises financières dans l’histoire selon Reinhart et Rogoff," Working Papers 11-09, Association Française de Cliométrie (AFC).
- B20 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - General
- B31 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals - - - Individuals
- E65 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Studies of Particular Policy Episodes
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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