A series of unfortunate events: Common sequencing patterns in financial crises

Carmen Reinhart, Mon, 01/09/2012

Financial crises often unfold according to common patterns, but the post-2007 contraction is in fact different from other post-WWII crises in its unusual severity, says Carmen Reinhart in CEPR DP8742. But the patterns of past crises may still provide clues on the future of housing, labour, and international financial markets. This paper outlines what that future might look like.

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Vox readers can download CEPR Discussion Paper 8742 for free here. 

Journalists are entitled to free DP downloads on request; please contact [email protected]. To learn more about subscribing to CEPR's Discussion Paper Series, please visit the CEPR website.

 

Journalists are entitled to free DP downloads on request; please contact [email protected]. To learn more about subscribing to CEPR's Discussion Paper Series, please visit the CEPR website.

URL:  http://www.cepr.org/DP8742

Topics:  Financial markets Global crisis International finance

Tags:  financial crises, debt, default, financial repression

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