This Time is Different Chartbook: Country Histories on Debt, Default, and Financial Crises
This Chartbook provides a pictorial history, on a country-by-country basis, of public debt and economic crises of various forms. It is a timeline of a country's creditworthiness and financial turmoil. The analysis, narrative, and illustrations in Reinhart and Rogoff (2009), This Time is Different: Eight Centuries of Financial Folly, were primarily organized around themes (serial default, inflation, etc.), although detailed tables in the book chronicled country-specific information on the dating, frequency, incidence, etc. of specific crises episodes by country. The Chartbook compliments the thematic analysis with individual country histories, and provides the grounds for a systematic analysis of the temporal patterns of debt cycles, banking and sovereign debt crises, hyperinflation, and, for the post World War II period, the reliance on IMF programs.
The author is grateful to Vincent Reinhart and Kenneth Rogoff for useful comments and suggestions, National Science Foundation Grant No. 0849224 for financial support and to Maura Francese, Elín Guðjónsdóttir, Fregert Gustaffson, Sophia Lazaretou, Ashok Mody, Diego Saravia, and Jan-Luiten Van Zanden for providing invaluable references on individual countries and, in some cases, sharing their historical data as well. The views expressed herein are those of the author and do not necessarily reflect the views of the National Bureau of Economic Research.