Carmen M. Reinhart is the Dennis Weatherstone Senior Fellow at the Peterson Institute for International Economics.
Her best-selling book (with Kenneth S. Rogoff) entitled "This Time is Different: Eight Centuries of Financial Folly", Princeton Press, documents the striking similarities of the recurring booms and busts that have characterised financial history.
In this live interview she shares her thoughts on "This Time is Different", financial repression, China’s role, and conclusions she has drawn based on her research.
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Shouldn’t this time actually be different given the unprecedented interconnectivity, complexity being witnessed by global financial markets and because of the many new financial instruments? What does not seem to have changed though is the human response to dealing with crisis - would you tend to agree?
How are the financial players going to cope with financial repression?
What is China's role in this crisis?
Could you tell us a little more about the research and conclusions you have drawn thereof, post authoring the book?