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The Second Great Contraction

From This Time Is Different

Kenneth S. Rogoff, Carmen M. Reinhart

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Princeton University Press img Link Publisher

Sozialwissenschaften, Recht, Wirtschaft / Wirtschaft

Beschreibung

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.

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Schlagwörter

Value (economics), World economy, Economy, Financial crisis of 2007–08, Tax revenue, Leverage (finance), Economic growth, Subprime mortgage crisis, Current account, Economic history, Equity Market, Debasement, Panic of 1907, 1997 Asian financial crisis, Government debt, Balance of trade, Real estate economics, Rate of return, Financial institution, Exchange rate, Financial crisis, Global financial system, United States dollar, Capital market, International monetary systems, Recession, Foreign Exchange Reserves, Monetary policy, Real estate appraisal, Financial contagion, Subprime Market, Bank run, Princeton University Press, Goldman Sachs, Government budget balance, World Economic Outlook, Income, Securitization, Economic bubble, Mark Gertler (economist), Inflation, Central bank, Economics, Economy of the United States, Publication, Great Contraction, Developed country, Currency, Latin American debt crisis, Lehman Brothers, E-book, International Monetary Fund, International Financial Statistics, Sovereign default, Interest rate, Unemployment, Gross world product, World War II, United States Treasury security, Financial services, Bank for International Settlements, Real versus nominal value (economics), Diversification (finance), Debt, Financial engineering, Global recession, Asset price inflation, Real estate bubble, Valuation (finance), Capital control