Review of This Time is Different: Eight Centuries of Financial Folly

Carmen Reinhart and Kenneth Rogoff, This Time is Different: Eight Centuries of Financial Folly, Princeton University Press 2009, 496 pages

This book provides an impressive treatment of the full spectrum of financial crises - an admittedly complex, multidimensional and continuously evolving subject. It spans a lengthy historical account and a wide range of countries. In addition to a broad survey of the literature that is written in language accessible to the layman (though with copious reference

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