This Time Is Different¶
REINHART, C. M., & ROGOFF, K. S. (2009). This Time Is Different: Eight Centuries of Financial Folly. Princeton University Press.
Cited by¶
3 citations across 3 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.
Supported in partVerified against the work's full text
The book names the 'this time is different' syndrome, but the page held is publisher jacket copy, so only the syndrome frame — not the cushion or risk-limit mechanism — is supported.
“Covering sixty-six countries across five continents and eight centuries, This Time Is Different presents a comprehensive look at the varieties of financial crises—including government defaults, banking panics, and inflationary spikes—from medieval currency debasements to the subprime mortgage catastrophe. Reinhart and Rogoff provocatively argue that financial combustions are universal rites of passage for emerging …”
- 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.
- 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.
Supported in partVerified against the work's full text
Confirms the book covers eight centuries and sixty-six countries of financial crises and government defaults, but not the claim's risk-management implications.
“Covering sixty-six countries across five continents and eight centuries, This Time Is Different presents a comprehensive look at the varieties of financial crises—including government defaults, banking panics, and inflationary spikes—from medieval currency debasements to the subprime mortgage catastrophe.”
- 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.
Mechanisms¶
- Narrative Red-Team Review
- It is the natural home for the classic tell: when the argument becomes "this time is different,"
This sourceDefines the “this-time-is-different” syndrome as the belief that present conditions escape historical crisis patterns and old rules no longer apply.
- It is the natural home for the classic tell: when the argument becomes "this time is different,"
Verification¶
Does it exist? Confirmed. This work's DOI resolves to a registered record, which fixes its identity. That is all it fixes.
Does it back the claim? Read against the text for 2 of 3 citations: 2 supported in part. Each verdict is shown under its citation below, with what in the work backs the sentence.
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Links previously used in the corpus¶
Before the registry existed this work was also linked 1 other way.
Registry ID ref:fae2c969be33 · see in the full table