000			02782cam a22003857 4500
001			w17941
003			NBER
005			20211020110625.0
006			m o d
007			cr cnu||||||||
008			210910s2012 mau fo 000 0 eng d
100	1		_aReinhart, Carmen M. _919251
245	1	2	_aA Series of Unfortunate Events: _bCommon Sequencing Patterns in Financial Crises / _cCarmen M. Reinhart.
260			_aCambridge, Mass. _bNational Bureau of Economic Research _c2012.
300			_a1 online resource: _billustrations (black and white);
490	1		_aNBER working paper series _vno. w17941
500			_aMarch 2012.
520	3		_aWe document that the global scope and depth of the crisis the began with the collapse of the subprime mortgage market in the summer of 2007 is unprecedented in the post World War II era and, as such, the most relevant comparison benchmark is the Great Depression (or the Great Contraction, as dubbed by Friedman and Schwartz, 1963) of the 1930s. Some of the similarities between these two global episodes are examined but the analysis of the aftermath of severe financial crises is extended to also include the most severe post-WWII crises as well. As to the causes of these great crises, we focus on those factors that are common across time and geography. We discriminate between root causes of the crises, recurring crises symptoms, and common features (such as misguided financial regulation or inadequate supervision) which serve as amplifiers of the boom-bust cycle. There are recurring temporal patterns in the boom-bust cycle and their broad sequencing is analyzed.
530			_aHardcopy version available to institutional subscribers
538			_aSystem requirements: Adobe [Acrobat] Reader required for PDF files.
538			_aMode of access: World Wide Web.
588	0		_aPrint version record
690		7	_aE32 - Business Fluctuations • Cycles _2Journal of Economic Literature class.
690		7	_aE44 - Financial Markets and the Macroeconomy _2Journal of Economic Literature class.
690		7	_aE50 - General _2Journal of Economic Literature class.
690		7	_aF30 - General _2Journal of Economic Literature class.
690		7	_aF33 - International Monetary Arrangements and Institutions _2Journal of Economic Literature class.
690		7	_aG01 - Financial Crises _2Journal of Economic Literature class.
690		7	_aN20 - General, International, or Comparative _2Journal of Economic Literature class.
710	2		_aNational Bureau of Economic Research.
830		0	_aWorking Paper Series (National Bureau of Economic Research) _vno. w17941.
856	4	0	_uhttps://www.nber.org/papers/w17941
856			_yAcceso en línea al DOI _uhttp://dx.doi.org/10.3386/w17941
942			_2ddc _cW-PAPER
999			_c330181 _d288743