
最 低 价:¥199.50
定 价:¥266.00
作 者:Carmen M. Reinhart 著 著
出 版 社:Princeton University Press
出版时间:2009-9-1
I S B N:9780691142166
| LIST OF TABLES LIST OF FIGURES LIST OF BOXES PREFACE xxv ACKNOWLEDGMENTS PREAMBLE: SOME INITIAL INTUITIONS ON FINANCIAL FRAGILITY AND THE FICKLE NATURE OF CONFIDENCE PART I: Financial Crises: An Operational Primer Chapter 1: Varieties of Crises and Their Dates Crises Defined by Quantitative Thresholds: Inflation, Currency Crashes, and Debasement Crises Defined by Events: Banking Crises and External and Domestic Default Other Key Concepts Chapter 2: Debt Intolerance: The Genesis of Serial Default Debt Thresholds Measuring Vulnerability Clubs and Regions Reflections on Debt Intolerance Chapter 3: A Global Database on Financial Crises with a Long-Term View Prices, Exchange Rates, Currency Debasement, and Real GDP Government Finances and National Accounts Public Debt and Its Composition Global Variables Country Coverage PART II: Sovereign External Debt Crises Chapter 4: A Digression on the Theoretical Underpinnings of Debt Crises Sovereign Lending Illiquidity versus Insolvency Partial Default and Rescheduling Odious Debt 63 Domestic Public Debt Conclusions Chapter 5: Cycles of Sovereign Default on External Debt Recurring Patterns Default and Banking Crises Default and Inflation Global Factors and Cycles of Global External Default The Duration of Default Episodes Chapter 6: External Default through History The Early History of Serial Default: Emerging Europe, 1300-1799 Capital Inflows and Default: An "Old World" Story External Sovereign Default after 1800: A Global Picture PART III: The Forgotten History of Domestic Debt and Default Chapter 7: The Stylized Facts of Domestic Debt and Default Domestic and External Debt Maturity, Rates of Return, and Currency Composition Episodes of Domestic Default Some Caveats Regarding Domestic Debt Chapter 8: Domestic Debt: The Missing Link Explaining External Default and High Inflation Understanding the Debt Intolerance Puzzle Domestic Debt on the Eve and in the Aftermath of External Default The Literature on Inflation and the "Inflation Tax" Defining the Tax Base: Domestic Debt or the Monetary Base? The "Temptation to Inflate" Revisited Chapter 9: Domestic and External Default: Which Is Worse? Who Is Senior? Real GDP in the Run-up to and the Aftermath of Debt Defaults Inflation in the Run-up to and the Aftermath of Debt Defaults The Incidence of Default on Debts Owed to External and Domestic Creditors Summary and Discussion of Selected Issues PART IV: Banking Crises, Inflation, and Currency Crashes Chapter 10: Banking Crises A Preamble on the Theory of Banking Crises Banking Crises: An Equal-Opportunity Menace Banking Crises, Capital Mobility, and Financial Liberalization Capital Flow Bonanzas, Credit Cycles, and Asset Prices Overcapacity Bubbles in the Financial Industry? The Fiscal Legacy of Financial Crises Revisited Living with the Wreckage: Some Observations Chapter 11: Default through Debasement: An "Old World Favorite" Chapter 12: Inflation and Modern Currency Crashes An Early History of Inflation Crises Modern Inflation Crises: Regional Comparisons Currency Crashes The Aftermath of High Inflation and Currency Collapses Undoing Domestic Dollarization PART V: The U.S. Subprime Meltdown and the Second Great Contraction Chapter 13: The U.S. Subprime Crisis: An International and Historical Comparison A Global Historical View of the Subprime Crisis and Its Aftermath The This-Time-Is-Different Syndrome and the Run-up to the Subprime Crisis Risks Posed by Sustained U.S. Borrowing from the Rest of the World: The Debate before the Crisis The Episodes of Postwar Bank-Centered Financial Crisis A Comparison of the Subprime Crisis with Past Crises in Advanced Economies Summary Chapter 14: The Aftermath of Financial Crises Historical Episodes Revisited The Downturn after a Crisis: Depth and Duration The Fiscal Legacy of Crises Sovereign Risk Comparisons with Experiences from the First Great Contraction in the 1930s Concluding Remarks Chapter 15: The International Dimensions of the Subprime Crisis: The Results of Contagion or Common Fundamentals? Concepts of Contagion Selected Earlier Episodes Common Fundamentals and the Second Great Contraction Are More Spillovers Under Way? Chapter 16: Composite Measures of Financial Turmoil Developing a Composite Index of Crises: The BCDI Index Defining a Global Financial Crisis The Sequencing of Crises: A Prototype Summary PART VI: What Have We Learned? Chapter 17: Reflections on Early Warnings, Graduation, Policy Responses, and the Foibles of Human Nature On Early Warnings of Crises The Role of International Institutions Graduation Some Observations on Policy Responses The Latest Version of the This-Time-Is-Different Syndrome DATA APPENDIXES A.1. Macroeconomic Time Series A.2. Public Debt A.3. Dates of Banking Crises A.4. Historical Summaries of Banking Crises NOTES REFERENCES NAME INDEX SUBJECT INDEX |
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