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Five Crises
Author(s)
Date Issued
2011-06-29
Date Available
2015-02-20T13:41:34Z
Abstract
Economic crises often prompt us to look backwards and, perhaps, to seek solace in parallels and precedents in the past. Just as rising unemployment and fluctuating exchange rates in the late 1970s and 1980s prompted comparisons with the 1920s and 1930s, sovereign debt defaults in the 1980s and early 1990s led to broadly reassuring analyses of earlier defaults. And the recent global financial crisis has again prompted comparisons with the Great Depression. Barry Eichengreen and Kevin O’Rourke’s ‘Tale of Two Depressions’ prompted half a million hits on the electronic journal VoxEU in 2009, while Carmen Reinhart and Kenneth Rogoff’s This Time Is Different was a runaway best-seller. Ireland’s current economic woes are this lecture's pretext for a look backward at our earlier crises
Type of Material
Working Paper
Publisher
University College Dublin. School of Economics
Start Page
1
End Page
46
Series
UCD Centre for Economic Research Working Paper Series
WP11/12
Keywords
Web versions
Language
English
Status of Item
Not peer reviewed
This item is made available under a Creative Commons License
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Owning collection
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