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

Carmen Reinhart

Economía Journal, 2015, vol. Volume 16 Number 1, issue Fall 2015, 187-217

Abstract: Some of the best-known papers of Carlos F. Díaz-Alejandro were about Latin Amer- ica’s crises in the 1980s and 1930s. I show data, figures, and evidence about the crises in the advanced economies thirty 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 lessons. These are primarily lessons about what to avoid.

Keywords: Financial crisis; debt; commodity prices; overvaluation; capital flows (search for similar items in EconPapers)
JEL-codes: B26 E5 E6 F3 G01 (search for similar items in EconPapers)
Date: 2015
References: Add references at CitEc
Citations: View citations in EconPapers (6)

Downloads: (external link)
http://economia.lacea.org/contents.htm

Related works:
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. 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)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:col:000425:014010

Access Statistics for this article

More articles in Economía Journal from The Latin American and Caribbean Economic Association - LACEA Contact information at EDIRC.
Bibliographic data for series maintained by LACEA ().