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  • The Liquidation of Government Debtby Carmen Reinhart; M. Belen Sbrancia

    International Monetary Fund 2015; US$ 9.00

    High public debt often produces the drama of default and restructuring. But debt is also reduced through financial repression, a tax on bondholders and savers via negative or belowmarket real interest rates. After WWII, capital controls and regulatory restrictions created a captive audience for government debt, limiting tax-base erosion. Financial... more...

  • The Liquidation of Government Debtby Carmen Reinhart; M. Belen Sbrancia

    International Monetary Fund 2015; US$ 9.00

    High public debt often produces the drama of default and restructuring. But debt is also reduced through financial repression, a tax on bondholders and savers via negative or belowmarket real interest rates. After WWII, capital controls and regulatory restrictions created a captive audience for government debt, limiting tax-base erosion. Financial... more...

  • This Time Is Differentby Carmen M. Reinhart; Kenneth S Rogoff

    Princeton University Press 2009; US$ 19.95 US$ 15.96

    Throughout history, rich and poor countries alike have been lending, borrowing, crashing--and recovering--their way through an extraordinary range of financial crises. Each time, the experts have chimed, "this time is different"--claiming that the old rules of valuation no longer apply and that the new situation bears little similarity to past disasters.... more...

  • The Second Great Contractionby Carmen M. Reinhart; Kenneth S Rogoff

    Princeton University Press 2011; US$ 0.99 US$ 0.79

    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... more...

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