This time is different: eight centuries of financial folly

By R. Michie. 2010

1,049 citations recorded by the source corpus.

Subfields: Finance

View Paper: https://www.semanticscholar.org/paper/6565aac6bff93b087aab41179caa8774a6cb29b6

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Citations in the corpus

Can the Covid Bailouts Save the Economy? (2020, neutral): “Because the deepest recessions are typically associated with financial sector weakness (Reinhart and Rogoff, 2009; Jorda, Schularick, and Taylor, 2017), a key question is whether the interventions are able to short-circuit a doom loop in which corporate defaults bring down the financial…”
The Great Mortgaging: Housing Finance, Crises, and Business Cycles (2014, neutral): “…has been first and foremost a result of the rapid growth of loans secured on real estate, i.e., mortgage and hypothecary lending.1 The share of mortgage loans in banks’ total lending portfolios has roughly doubled over the course of the past century—from about 30% in 1900 to about 60% today.”
Aggregate Supply in the United States: Recent Developments and Implications for the Conduct of Monetary Policy (2015, neutral): “…U.S. unemployment rate from its peak in late 2009 despite only sluggish growth of real GDP, coupled with observations by Cerra and Saxena (2008) and Reinhart and Rogoff (2010) that past financial crises in a variety of countries tended to be followed by persistent shortfalls in real GDP relative…”
Econometric Measures of Systemic Risk in the Finance and Insurance Sectors (2010, neutral): “…provide principal protection on their 2See, for example Acharya and Richardson (2009), Allen and Gale (1994, 1998, 2000), Battiston et al. (2009), Brunnermeier (2009), Brunnermeier and Pedersen (2009), Gray (2009), Rajan (2006), Danielsson, Shin, and Zigrand (2009), and Reinhart and Rogoff (2009).”
Fiscal developments and financial stress: a threshold VAR analysis (2017, positive): “In this respect, our empirical analysis is close to ideas by Minsky (1974) and Reinhart and Rogoff (2009).”
Local Currency Sovereign Risk (2013, positive): “The fact that LC debt is an important part of sovereign borrowing is emphasized in the recent work by Carmen Reinhart and Kenneth Rogoff (Reinhart and Rogoff 2008, 2011). Reinhart and Rogoff demonstrate that LC sovereign borrowing and default are not new phenomena. Building on their work, which focu”
Bank Capital Redux: Solvency, Liquidity, and Crisis (2017, neutral): “In recent years, long-run and cross-country perspectives have increasingly gained in importance and informed central debates in monetary and financial policy (Reinhart and Rogoff (2009), Schularick and Taylor (2012), Jordà et al. (2013)).”
Housing and Liquidity (2015, background): “This actually seems about right: even if bubbles are recurrent events, as one learns from Reinhart and Rogoff (2009), they do not happen all the time. (13)Again see Azariadis (1993). One method is to note that in the limit when (1) = (2) = 1, the sunspot equilibrium described in the text reduces t”
The "Mystery of the Printing Press" Monetary Policy and Self-fulfilling Debt Crises (2016, background): “BL < (1− γ) ( b TA −G ) /ρ < ( b TA −G ) /ρ < ( b TH −G ) /ρ (28)”
Credit Booms Gone Bust: Monetary Policy, Leverage Cycles and Financial Crises, 1870-2008 (2012, neutral): “…back to make careful comparisons not just with past decades, but past centuries, using formal statistical analysis to examine the nature of financial crises and other rare events with new panel datasets, as in recent work by Reinhart and Rogoff (2009), Barro (2009), and Almunia et al. (2010).”
Global Imbalances and the Financial Crisis: Link or No Link? (2011, neutral): “The recent experience is simply replaying an old tune which had been all too easily forgotten by policymakers (Reinhart and Rogoff (2009)).”
Do Surges in International Capital Inflows Influence the Likelihood of Banking Crises?: Cross-Country Evidence on Bonanzas in Capital Inflows and Bonanza-Boom-Bust Cycles (2012, neutral): “(2001), Sachs et al. (1996) and Mendoza and Terrones (2008), and the analysis below, support it.”
Going to Extremes: Politics after Financial Crises, 1870-2014 (2016, neutral): “…2008 Switzerland 1870 1910 1931 1991 2008 United Kingdom 1873 1890 1974 1984 1991 2007 United States 1873 1884 1893 1907 1929 1984 2007 Notes: Financial crisis events from Bordo et al. (2001), Reinhart and Rogoff (2009b), Laeven and Valencia (2008; 2012), and Jordà, Schularick, and Taylor (2013).”