A Series of Unfortunate Events: Common Sequencing Patterns in Financial Crises
NBER Working Paper No. 17941
---- Acknowledgements -----
This paper was prepared for the XIth Angelo Costa Lecture, Rome, October 5, 2011. The material is drawn from Carmen M. Reinhart and Kenneth S. Rogoff This Time is Different: Eight Centuries of Financial Folly (Princeton: Princeton University Press, 2009) and Carmen M. Reinhart, Jacob Kirkeegard, and Belen Sbrancia, Financial Repression Redux (2011). I wish to thank Vincent R. Reinhart and conference participants for helpful comments and suggestions. The views expressed herein are those of the author and do not necessarily reflect the views of the National Bureau of Economic Research.