NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Is the 2007 U.S. Sub-Prime Financial Crisis So Different? An International Historical Comparison

Carmen M. Reinhart, Kenneth S. Rogoff

NBER Working Paper No. 13761
Issued in January 2008

---- Acknowledgements -----

This paper prepared for the American Economic Review Papers and Proceedings. Reinhart: School of Public Policy and Department of Economics, 4105 Van Munching Hall, University of Maryland, College Park, Maryland 20742; email: creinhar@umd.edu; and Rogoff: Economics Department, 231 Littauer Center, Harvard University, Cambridge MA 02138-3001; email: krogoff@harvard.edu. The authors would like to thank Vincent R. Reinhart and Alan Taylor for their helpful comments. The views expressed herein are those of the authors and not necessarily those of the National Bureau of Economic Research.

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