This Time Is Different

Reinhart, C. M., & Rogoff, K. S. (2009). This Time Is Different: Eight Centuries of Financial Folly. Princeton University Press.

Type

Book

Intellectual base

Review or monograph

Year

2009

Link

https://press.princeton.edu/books/paperback/9780691152646/this-time-is-different

Cited from

engineering_design, political_science

Cited by

2 citations across 2 artifacts.

Each citation links to the sentence it supports in the citing article.

Primes

• Benign-Sampling Safety Drift
  • so the cushion is reread as dead weight, the risk limit breached without loss is recoded as proof the limit was conservative, and "this time is different" becomes the literal thesis: the benign decade is the evidence that the old margins were superstition.

    This sourceDocuments the recurring "this time is different" syndrome in which a long benign record is read as evidence that old prudential margins were superstition, immediately preceding crises.

• Regime Change
  • Regime change has profound implications for risk management, planning, and decision-making under uncertainty, as Reinhart and Rogoff (2009) document across eight centuries of financial crises and regime shifts in their study of debt and default.

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