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"This Time Is Different" examines eight centuries of financial crises across sixty-six countries, revealing recurring patterns of government defaults, banking panics, and inflationary spikes. Authors Carmen Reinhart and Kenneth Rogoff challenge the notion that each crisis is unique, demonstrating that financial combustions are universal rites of passage, applicable to both emerging and established market nations. Through comprehensive data and sharp analysis, the book highlights the consistent frequency, duration, and intensity of financial fallouts. The authors offer valuable insights, drawing important lessons from history to understand the cycles of currency crashes, hyperinflation, and debt defaults. The work exposes the dangers of the "this-time-is-different" syndrome, providing a sobering perspective on financial behavior.
Condition: Used (good, see images) Softcover ISBN 9780691142166
