Reinhardt and Rogoff on Financial Crises. Economists Kenneth Rogoff and Carmen Reinhardt have written a number of papers about the lessons we can learn from financial crisis. Read the paper they wrote...

Reinhardt and Rogoff on Financial Crises. Economists Kenneth Rogoff and Carmen Reinhardt have written a number of papers about the lessons we can learn from financial crisis. Read the paper they wrote for the International Monetary Fund, “Financial and Sovereign Debt Crises: Some Lessons Learned and Those Forgotten,” available at: https://www.imf.org/ external/pubs/ft/wp/2013/wp13266.pdf (accessed March 2015). Do they believe that lessons from developing countries also apply to developed countries? (Related to Application 4 on page 429.)