This Time Is Different () 463 P., Hardcover

Using clear, sharp analysis and comprehensive data, Reinhart and Rogoff
document that financial fallouts occur in clusters and strike with surprisingly
consistent frequency, duration, and ferocity. They examine the patterns of
currency crashes, high and hyperinflation, and government defaults on
international and domestic debts--as well as the cycles in housing and equity
prices, capital flows, unemployment, and government revenues around these
crises. While countries do weather their financial storms, Reinhart and Rogoff
prove that short memories make it all too easy for crises to recur.