The Antecedents and Aftermath of Financial Crises as told by Carlos F. Díaz Alejandro

Carmen Reinhart

No 10705, CEPR Discussion Papers from C.E.P.R. Discussion Papers

Abstract: Some of the best-known papers of Carlos F. Díaz Alejandro were about Latin America?s crises in the 1980s and 1930s. I will show data, figures and evidence here about the crises in the advanced economies 30 years later that fit the same narrative. His unadulterated words aptly describe modern problems across geographical borders and, in this case, income levels. This attests to his timeless insight and understanding. Because some of the observations he made have general applicability to the study of recurring patterns across crises, I have taken the liberty to label these as lessons. These are primarily lessons about what to avoid.

JEL-codes: B26 E5 E6 F3 G01 (search for similar items in EconPapers)
Date: 2015-07
New Economics Papers: this item is included in nep-hpe, nep-lam and nep-mac
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6)

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Related works:
Journal Article: The Antecedents and Aftermath of Financial Crises as Told by Carlos F. Díaz-Alejandro (2015)
Working Paper: The Antecedents and Aftermath of Financial Crises as Told by Carlos F. Diaz Alejandro (2015)
Working Paper: The antecedents and aftermath of financial crises as told by Carlos F. Díaz-Alejandro (2015)
Working Paper: The Antecedents and Aftermath of Financial Crises as told by Carlos F. Díaz Alejandro (2015)
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