Financial crises come in six recurring varieties—banking crises, currency/exchange-rate crashes, sovereign defaults on external debt, sovereign defaults on domestic debt, inflation crises, and stock market crashes—and despite differences they share common quantifiable characteristics that can be identified across centuries and countries.

factualpending

Speaker

Carmen Reinhart

Evidence Quote

all told we have five big crises and then on top of that the stock markets a total of six varieties of crises and they do share common characteristics

Source

Carmen Reinhart on Financial Crises 11/23/2009EconTalk
Created: 6/15/2026, 9:20:19 AM

My Notes

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