A Series of Unfortunate Events: Common Sequencing Patterns in Financial Crises
AbstractWe document that the global scope and depth of the crisis the began 2007 is unprecedented in the post World War II era and, as such, the most relevant comparison benchmark is the Great Depression of the 1930s. Some of the similarities are examined but the analysis of the aftermath of severe financial crises is also extended to the most severe post-WWII crises. We discriminate between root causes of the crises, recurring crises symptoms, and common features which serve as amplifiers of the boom-bust cycle. Recurring temporal patterns in the boom-bust cycle and their broad sequencing is analyzed.
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Bibliographic InfoArticle provided by SIPI Spa in its journal Rivista di Politica Economica.
Volume (Year): (2011)
Issue (Month): 4 (October-December)
Contact details of provider:
crisis; debt; cycle; financial regression;
Other versions of this item:
- Carmen M. Reinhart, 2011. "A Series of Unfortunate Events: Common Sequencing Patterns in Financial Crises," 'Angelo Costa' Lectures Serie, SIPI Spa, issue Lect. XII.
- Reinhart, Carmen, 2012. "A Series of Unfortunate Events: Common Sequencing Patterns in Financial Crises," CEPR Discussion Papers 8742, C.E.P.R. Discussion Papers.
- Carmen M. Reinhart, 2012. "A Series of Unfortunate Events: Common Sequencing Patterns in Financial Crises," NBER Working Papers 17941, National Bureau of Economic Research, Inc.
- E6 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook
- F3 - International Economics - - International Finance
- N0 - Economic History - - General
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.:
- Carmen M. Reinhart & Kenneth S. Rogoff, 2009. "This Time Is Different: Eight Centuries of Financial Folly," Economics Books, Princeton University Press, edition 1, volume 1, number 8973, May.
- Diaz-Alejandro, Carlos, 1985. "Good-bye financial repression, hello financial crash," Journal of Development Economics, Elsevier, vol. 19(1-2), pages 1-24.
- Silvana Bartoletto & Bruno Chiarini & Elisabetta Marzano, 2013. "Is the Italian Public Debt Really Unsustainable? An Historical Comparison (1861-2010)," CESifo Working Paper Series 4185, CESifo Group Munich.
- A. Hakan Kara, 2012. "Monetary Policy in Turkey After the Global Crisis (Kuresel Kriz Sonrasi Para Politikasi)," Working Papers 1217, Research and Monetary Policy Department, Central Bank of the Republic of Turkey.
- Sergio Cesaratto, 2012. "Controversial and novel features of the Eurozone crisis as a balance of payment crisis," Department of Economics University of Siena 640, Department of Economics, University of Siena.
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