Author: Carmen M. ReinhartPublisher: Princeton University Press
ISBN: 0691152640
Category : Business & Economics
Languages : en
Pages : 513
Book Description
An empirical investigation of financial crises during the last 800 years.
The Second Great Contraction
Author: Carmen M. ReinhartPublisher: Princeton University Press
ISBN: 1400841127
Category : Business & Economics
Languages : en
Pages : 85
Book Description
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.
Misunderstanding Financial Crises
Author: Gary B. GortonPublisher: Oxford University Press
ISBN: 0199986886
Category : Business & Economics
Languages : en
Pages : 296
Book Description
Before 2007, economists thought that financial crises would never happen again in the United States, that such upheavals were a thing of the past. Gary B. Gorton, a prominent expert on financial crises, argues that economists fundamentally misunderstand what they are, why they occur, and why there were none in the U.S. from 1934 to 2007. Misunderstanding Financial Crises offers a back-to-basics overview of financial crises, and shows that they are not rare, idiosyncratic events caused by a perfect storm of unconnected factors. Instead, Gorton shows how financial crises are, indeed, inherent to our financial system. Economists, Gorton writes, looked from a certain point of view and missed everything that was important: the evolution of capital markets and the banking system, the existence of new financial instruments, and the size of certain money markets like the sale and repurchase market. Comparing the so-called "Quiet Period" of 1934 to 2007, when there were no systemic crises, to the "Panic of 2007-2008," Gorton ties together key issues like bank debt and liquidity, credit booms and manias, moral hazard, and too-big-too-fail--all to illustrate the true causes of financial collapse. He argues that the successful regulation that prevented crises since 1934 did not adequately keep pace with innovation in the financial sector, due in part to the misunderstandings of economists, who assured regulators that all was well. Gorton also looks forward to offer both a better way for economists to think about markets and a description of the regulation necessary to address the future threat of financial disaster.
This Time Is Different
Author: Mae WoodPublisher: Createspace Independent Publishing Platform
ISBN: 9781977873156
Category :
Languages : en
Pages : 256
Book Description
Life can change in a flash. Marriage and a baby wasn't Amy Forsythe's college plan. After a shotgun marriage glued together by her son, she's convinced that love isn't meant for her. Now nearing forty and single for the first time since her senior prom, her friends are pushing her to date. Her teenager isn't thrilled by the idea and neither is Amy. Silver fox Thomas Popov isn't looking for The One. He found her decades ago. And fell apart when she died. At fifty-three with a new job, a new city, and an empty nest, he's focused on climbing the corporate ladder. When a softball accident lands Thomas in Amy's dental chair, sparks fly. Lightning doesn't strike twice. But love might. This time is different.
SUMMARY - This Time Is Different: Eight Centuries Of Financial Folly By Carmen M. Reinhart And Kenneth S. Rogoff
Author: Shortcut EditionPublisher: Shortcut Edition
ISBN:
Category : Body, Mind & Spirit
Languages : en
Pages : 19
Book Description
* Our summary is short, simple and pragmatic. It allows you to have the essential ideas of a big book in less than 30 minutes. By reading this summary, you will discover the salient features of financial crises around the world over the last eight centuries. You will also discover that : Financial crises always unfold in more or less the same way; In the 16th, 17th and 18th centuries, the French state went bankrupt several times; This is also the case of Spain, which broke all records for foreign debt defaults in the 19th century; Denmark experienced financial panic during the Napoleonic Wars; Pre-communist China was a defaulting debtor; The subprime crisis in the United States in 2007 is directly responsible for the global financial crisis of 2008. This book is already a classic. For the first time, eminent economists highlight the similarities between all financial crises over a long period of time. Until now, due to a lack of adequate documentation, the world's financial history hardly goes back beyond 1800. Reaching 1700 or 1600 was almost prehistoric. This is now a thing of the past thanks to Carmen Reinhart and Kenneth Rogoff, whose patient and meticulous research has made it possible to reconstruct the puzzle of financial crises through the ages, in all their complexity, going back to the European Middle Ages. *Buy now the summary of this book for the modest price of a cup of coffee!
This Time Is Different
Author: Carmen M. ReinhartPublisher: Princeton University Press
ISBN: 1400831725
Category : Business & Economics
Languages : en
Pages : 512
Book Description
The acclaimed New York Times bestselling history of financial crises Throughout 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. Covering sixty-six countries across five continents and eight centuries, This Time Is Different 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. A remarkable history of financial folly, This Time Is Different will influence financial and economic thinking and policy for decades to come.
IS THIS TIME DIFFERENT?
Author: Jack SutherlandPublisher: iUniverse
ISBN: 1663266239
Category : Business & Economics
Languages : en
Pages : 149
Book Description
Has artificial intelligence (AI) and other industries disruptors permanently changed the investment strategy for everyday investors? “This time is different” could be the four most dangerous words in investing. Everyday investors with a long-term perspective can insulate themselves from market volatility by focusing on their ultimate, long-term objectives. Pay attention to what you can control, and leave the rest to the market. WHAT’S INSIDE? Finding a Dependable Road to Retirement Planning Don’t Believe the Hype Artificial Intelligence Is a Difference-Maker A New, New Normal An Updated Plan Generational Issues Taking Accountability For Your Choices Performance Anxiety Is Real Avoid Common Retirement-Planning Mistakes Investing For A Better Future Retirement Accounts A Hypothetical Portfolio Then and Now WHY READ THIS BOOK? America is sailing into an uncharted sea of future retiree bailouts, with a public seemingly untroubled by the stark numbers of everyday investors (or non-investors) who are financially unprepared for retirement. Fully funding both an IRA or Roth IRA and a 401k annually may not be enough. This combination still may not provide adequate financial support in retirement. Supplement these two retirement accounts with additional investments in taxable accounts. I’ve never heard a retiree complain that they retired with too much money! Retirement planning does not start when you enter retirement. Instead, it should start decades earlier. Time is valuable. Put it to work for you—use it or lose it. In this book, I share my recommendations for a tried-and-true investment strategy for everyday investors in 2024 and beyond. By following time-honored wisdom instead of buying into the latest fads, investors will ensure a secure retirement. MY BEST ADVICE FOR EVERYDAY INVESTORS: Ignore market fads and stay fully invested. U.S. markets have shown amazing resilience, allowing them to bounce back from adversity. Don’t be left sitting on the sidelines, unable to make a decision. Your financial future depends on you.
The Time Is Near
Author: Ian Foley, PhDPublisher: Archway Publishing
ISBN: 1452525293
Category : Literary Criticism
Languages : en
Pages : 689
Book Description
Evidence is accumulating that the current, global civilization we enjoy is rapidly moving toward a crisis of expensive resources, water security, global warming, and potential military conflict centred in the Middle East. The Bible suggests that God anticipated the situation we see today as an inevitable outcome of our selfishness and greed. In this first of two volumes, author Ian Foley proposes the idea that the decline and collapse of this civilisation is part of the end-time picture that the Bible gives. The Old Testament book of Daniel lays out the first half of this picture, starting from the Jewish exile to Babylon at the beginning of the sixth century BC and tracing the rise and fall of ancient empires. It then introduces the founder of the final empire, which will be completed when Jesus returns. Through all this history, Daniel depicts the tiny nation of Israel surviving exactly as the prophet Jeremiah predicted. Like an unfolding detective story, God's drama is revealed piece by piece, so that we gradually come to understand-up until the fall of the Roman Empire-with the final exciting revelation in Daniel 11- 12 completing the picture. This study begins to reveal why there is so much confusion with our end-time theologies and suggests a new revelation that is clearer and less ambiguous, integrating the books of Daniel and Revelation into a single, unambiguous message.
How Life is Different
Author: Vitaly ShubinPublisher: CRC Press
ISBN: 1000401421
Category : Science
Languages : en
Pages : 241
Book Description
Reviews persistent questions and addresses fundamental themes in biology Provides a systematic coverage Includes original insights into basic principles of living organization and structure Demonstrates the applicability of a proposed approach to particular evolutionary grades
The Resolution of Sovereign Debt Crises
Author: Jeannette AbelPublisher: Taylor & Francis
ISBN: 1000458555
Category : Business & Economics
Languages : en
Pages : 380
Book Description
The insolvency of states is by no means a rare or new phenomenon. Despite this, it still seems to be widely felt that states do not go bankrupt. As of yet, there are no regulated insolvency proceedings for states. This book examines the current mechanisms for solving sovereign debt crises. It presents an analysis of their weaknesses and shows possibilities for dealing with such crises in the future. In this respect, the work focusses on crisis resolution measures at European level: the aid packages for Greece, the European Financial Stabilisation Mechanism, the European Financial Stabilisation Facility and the European Stability Mechanism. These are examined for their appropriateness as well as whether they contain elements of insolvency law. Ultimately, it explores possible insolvency proceedings for states at EU level and their implementation options.
