Reinhart on Financial Crises

Carmen Reinhart of the University of Maryland talks with EconTalk host Russ Roberts about the ideas in her book This Time is Different: Eight Centuries of Financial Folly (co-authored with Kenneth Rogoff). They discuss the role of capital inflows in financial crises, the challenges of learning the right lessons, and what is generally true about financial crises over time and place. Reinhart applies these observations to the current crisis, discusses the possibility of the U.S. defaulting on its sovereign debt, and discusses the possibility of financial reforms that might make a difference.

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Reinhart on Financial Crises is an episode from EconTalk Archives, 2009 by Library of Economics and Liberty.

This episode is 1:07:17 long.

This episode was published on Nov 23, 2009.

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