The antecedents and aftermath of financial crises as told by Carlos F. Díaz-Alejandro

Carmen Reinhart

LSE Research Online Documents on Economics from London School of Economics and Political Science, LSE Library

Abstract: Some of the best-known papers of Carlos F. Díaz-Alejandro were about Latin America’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: B20 E5 E6 F3 G00 (search for similar items in EconPapers)
Pages: 31 pages
Date: 2015-10-01
References: View references in EconPapers View complete reference list from CitEc
Citations:

Published in Economía, 1, October, 2015, 16(1), pp. 187 - 217. ISSN: 1529-7470

Downloads: (external link)
http://eprints.lse.ac.uk/123289/ Open access version. (application/pdf)

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. 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)
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:ehl:lserod:123289

Access Statistics for this paper

More papers in LSE Research Online Documents on Economics from London School of Economics and Political Science, LSE Library LSE Library Portugal Street London, WC2A 2HD, U.K.. Contact information at EDIRC.
Bibliographic data for series maintained by LSERO Manager ().