or
Sign in to turn on 1-Click ordering.
 
 
More Buying Choices
38 used & new from £11.02
Have one to sell? Sell yours here
 
   
This Time is Different: Eight Centuries of Financial Folly
 
 
Share your own customer images
Search inside this book

This Time is Different: Eight Centuries of Financial Folly (Hardcover)

by Carmen M. Reinhart (Author), Kenneth Rogoff (Author)
5.0 out of 5 stars  See all reviews (4 customer reviews)
RRP: £19.95
Price: £12.66 & this item Delivered FREE in the UK with Super Saver Delivery. See details and conditions
You Save: £7.29 (37%)
o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o
In stock.
Dispatched from and sold by Amazon.co.uk. Gift-wrap available.

Want guaranteed delivery by Thursday, February 11? Choose Express delivery at checkout. See Details
30 new from £11.58 8 used from £11.02

Frequently Bought Together

This Time is Different: Eight Centuries of Financial Folly + Too Big to Fail: Inside the Battle to Save Wall Street + Superfreakonomics: Global Cooling, Patriotic Prostitutes and Why Suicide Bombers Should Buy Life Insurance
Total RRP: £54.94
Price For All Three: £26.65

Show availability and delivery details

Customers Who Bought This Item Also Bought

Too Big to Fail: Inside the Battle to Save Wall Street

Too Big to Fail: Inside the Battle to Save Wall Street

by Andrew Ross Sorkin
4.8 out of 5 stars (18)  £5.99
Wall Street Revalued: Imperfect Markets and Inept Central Bankers

Wall Street Revalued: Imperfect Markets and Inept Central Bankers

by Andrew Smithers
£10.85
Stephen Roach on the Next Asia: Opportunities and Challenges for a New Globalization

Stephen Roach on the Next Asia: Opportunities and Challenges for a New Globalization

by Stephen Roach
2.7 out of 5 stars (3)  £16.33
The Road to Financial Reformation: Warnings, Consequences, Reforms

The Road to Financial Reformation: Warnings, Consequences, Reforms

by Niall Ferguson
£13.99
How Markets Fail: The Logic of Economic Calamities

How Markets Fail: The Logic of Economic Calamities

by John Cassidy
4.5 out of 5 stars (2)  £14.99
› Explore similar items

Product details

  • Hardcover: 496 pages
  • Publisher: Princeton University Press (25 Sep 2009)
  • Language English
  • ISBN-10: 0691142165
  • ISBN-13: 978-0691142166
  • Product Dimensions: 23.4 x 15.8 x 4.2 cm
  • Average Customer Review: 5.0 out of 5 stars  See all reviews (4 customer reviews)
  • Amazon.co.uk Sales Rank: 172 in Books (See Bestsellers in Books)

    Popular in these categories:

    #1 in  Books > Business, Finance & Law > Economics > Microeconomics
    #1 in  Books > Business, Finance & Law > Economics > History
    #1 in  Books > Business, Finance & Law > Biographies & Histories > Finance and Stock Market History

    •  Would you like to update product info or give feedback on images?

  • See Complete Table of Contents

Customers Viewing This Page May Be Interested in These Sponsored Links

  (What is this?)
   Financial World Online opens new browser window
www.financialworld.co.uk  -  Award winning financial journal from the ifs School of Finance
  
 

Product Description

Review

This is quite simply the best empirical investigation of financial crises ever published. Covering hundreds of years and bringing together a dizzying array of data, Reinhart and Rogoff have made a truly heroic contribution to financial history. This single marvelous volume is worth a thousand mathematical models.<br/> (Niall Ferguson, author of "The Ascent of Money: A Financial History of the World" ) --Niall Ferguson, author of The Ascent of MOney: A Financial History of the World

Review

This is quite simply the best empirical investigation of financial crises ever published. Covering hundreds of years and bringing together a dizzying array of data, Reinhart and Rogoff have made a truly heroic contribution to financial history. This single marvelous volume is worth a thousand mathematical models.
(Niall Ferguson, author of "The Ascent of Money: A Financial History of the World" )
See all Product Description
Inside This Book (Learn More)
Browse Sample Pages
Front Cover | Copyright | Table of Contents | Excerpt | Index
Search inside this book:

Tags Customers Associate with This Product

 (What's this?)
Click on a tag to find related items, discussions, and people.
 
(2)
(1)
(1)
(1)
(1)
(1)
Agree with these tags?

Your tags: Add your first tag
 
See most popular tags

What Do Customers Ultimately Buy After Viewing This Item?

This Time is Different: Eight Centuries of Financial Folly
89% buy the item featured on this page:
This Time is Different: Eight Centuries of Financial Folly 5.0 out of 5 stars (4)
£12.66
Too Big to Fail: Inside the Battle to Save Wall Street
6% buy
Too Big to Fail: Inside the Battle to Save Wall Street 4.8 out of 5 stars (18)
£5.99
Lords of Finance: 1929, the Great Depression, and the Bankers Who Broke the World
2% buy
Lords of Finance: 1929, the Great Depression, and the Bankers Who Broke the World 5.0 out of 5 stars (2)
£4.99
Whoops!: Why Everyone Owes Everyone and No One Can Pay
1% buy
Whoops!: Why Everyone Owes Everyone and No One Can Pay 4.8 out of 5 stars (5)
£12.00
Explore similar items
 

Customer Reviews

4 Reviews
5 star:
 (4)
4 star:    (0)
3 star:    (0)
2 star:    (0)
1 star:    (0)
 
 
 
 
 
Average Customer Review
5.0 out of 5 stars (4 customer reviews)
 
 
 
 
Share your thoughts with other customers:
Most Helpful Customer Reviews

 
10 of 10 people found the following review helpful:
5.0 out of 5 stars Sobering study of fiscal failures, 17 Nov 2009
By Rolf Dobelli "getAbstract.com" (Switzerland) - See all my reviews
(TOP 50 REVIEWER)    (REAL NAME)   
Every so often, experts sucker people into bidding up the prices of stocks or real estate because they announce that the economy has fundamentally changed. As the aftermath of the real estate bubble illustrates, the basics of economics don't really change, no matter what fantasies people come to believe. Economics professors Carmen M. Reinhart and Kenneth S. Rogoff present a thorough historical and statistical tour of financial hubris through the centuries, a postmortem that will make you wonder how anyone ever believed "this time is different." The staid tone, formulas, charts and somewhat confusing organization make this fascinating history challenging to absorb. Yet, the content, which sweeps ambitiously and carefully across centuries and countries, rewards the persistent reader with many insights and gems, like the nation-by-nation appendix of fiscal history low points. getAbstract recommends this analytical overview to history buffs, investors, managers and policy makers who seek perspective on "financial folly."
Help other customers find the most helpful reviews  
Was this review helpful to you? Yes No


 
8 of 8 people found the following review helpful:
5.0 out of 5 stars The irrational syndrome:viewing impending financial crises through pink-tinted lenses, 23 Dec 2009
By Serghiou Const (Nicosia, Cyprus) - See all my reviews
(REAL NAME)   
The book is significant and substantial. The data collated by the authors from other sources or emanating from their own research is impressive. But the book is not simply the product of hard working and meticulous authors but also of intelligent ones. The authors are insightful and incisive. The wealth of data render tables and graphs illustrate the points made in the text with crystalline clarity. The authors certainly do not lack wit but their aim is not to entertain and create pyrotechnics but to inform, provide substance and in this way fulfill the reader in his/her gaining insight into the nature, severity, indicators and sequencing of a wide array of financial crises. The authors are meticulous and explain with professional integrity to the reader the methodologies they employ and the merits but also limitations of these methodologies;they are considerate to the reader to the point of advising which parts to skip without losing continuity. It is true that the book is rigorous and scholarly but accessible to the intelligent layman with elementary knowledge in Statistics and modest exposure to Economics vocabulary.

The authors dispel compellingly and conclusively the "this-time-is-different" syndrome. The syndrome simply stated is that the old rules of valuation no longer apply and that the current boom, unlike the many that preceded catastrophic collapses in the past, is built on sound fundamentals, structural reforms, technological innovation, and good policy. The book in detailing crises that have arisen over the past eight centuries exposes this myth and shows that boom-bust cycles recur with relentless regularity, a trend that is likely to continue in the future.

But the preceding serves simply as a point of departure and the focus of the book is on the crises themselves while systematic data and Macroeconomic Time Series cover the period 1800-2008.

The book examines a wide array of financial crises such as sovereign defaults (foreign and domestic), banking crises, exchange rate crises, hyperinflation while it observes that crises often occur in clusters. The penultimate chapter examines situations such as the Great Depression of the 1930s and the latest world wide financial crisis which it labels the "Second Great Contraction"- in which crises occur in clusters and on a global scale.

The book shows that advanced countries and economies may have "graduated" from serial default on sovereign debt and recurrent episodes of very high inflation as the cases of Austria, France, Spain and others illustrate. But History tells us that "graduation" from recurrent banking financial crises is much more elusive and that advanced economies are as vulnerable to them as emerging economies.

The literature suggests that markedly rising asset prices, slowing real economic activity, large current account deficits, and sustained debt built ups (whether public, private, or both) are important precursors to financial crisis;also sustained capital inflows are particularly strong markers for financial crises. The preceding were very prevalent and pronounced preceding the subprime crisis in the United States which evolved into a major global financial crisis parallel only to the Great Depression of the 1930s.

The aftermath of severe financial crises particularly global are characterized by asset market collapses which are deep and prolonged, profound collapses in output and employment, and government debt that explodes not only due to bail outs but also due to collapse in revenues and soaring interest rates on debt.

Serious global financial crises are painful and protracted events extending over several years.

In concluding, I cannot recommend the book strongly enough to the serious reader but at the same time I caution that the book is not suited to the casual reader and the faint-hearted.
Help other customers find the most helpful reviews  
Was this review helpful to you? Yes No


 
5 of 5 people found the following review helpful:
5.0 out of 5 stars Review of 'This time it is different', 27 Nov 2009
By R. Hotchkis "rdnh" (Channel Islands) - See all my reviews
(REAL NAME)   
An essential text book for those interested in the financial panic of 2007/08, with all the required data. It puts the crisis in an historic perspective. By looking at the multitude of financial crises that have ocurred, it gets away from the narrow comparison with the Great Depression. An important read.
Help other customers find the most helpful reviews  
Was this review helpful to you? Yes No

Share your thoughts with other customers: Create your own review
 
 
 
Most Recent Customer Reviews

5.0 out of 5 stars excellent data and theory, writting need improving
really an excellent book that shall be read by any person with responsabilities in Finance and banking. Read more
Published 2 months ago by globe econ

Only search this product's reviews


Customer Discussions

This product's forum
Discussion Replies Latest Post
No discussions yet

Ask questions, Share opinions, Gain insight
Start a new discussion
Topic:
First post:
Prompts for sign-in
 

   

Listmania!

Create a Listmania! list

Look for similar items by category

Look for similar items by subject





















i.e., each product must be in subject 1 AND subject 2 AND ...

Feedback


Your Recent History

 (What's this?)

After viewing product detail pages or search results, look here to find an easy way to navigate back to pages you are interested in.