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

Reinhart, Carmen M. (2015) The antecedents and aftermath of financial crises as told by Carlos F. Díaz-Alejandro. Economía, 16 (1). 187 - 217. ISSN 1529-7470

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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.

Item Type:	Article
Official URL:	https://economia.lse.ac.uk/
Additional Information:	© 2015 LACTEA
Divisions:	LSE
Subjects:	H Social Sciences > HC Economic History and Conditions H Social Sciences > HB Economic Theory
JEL classification:	F - International Economics > F3 - International Finance E - Macroeconomics and Monetary Economics > E6 - Macroeconomic Policy Formation, Macroeconomic Aspects of Public Finance, Macroeconomic Policy, and General Outlook E - Macroeconomics and Monetary Economics > E5 - Monetary Policy, Central Banking, and the Supply of Money and Credit G - Financial Economics > G0 - General > G00 - General B - Schools of Economic Thought and Methodology > B2 - History of Economic Thought since 1925 > B20 - General
Date Deposited:	10 Jul 2024 15:03
Last Modified:	14 Sep 2024 10:03
URI:	http://eprints.lse.ac.uk/id/eprint/123289

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