Chapter 3. Financial and Sovereign Debt Crises: Some Lessons Learned and Those Forgotten
- Stijn Claessens, Ayhan Kose, Luc Laeven, and Fabian Valencia
- Published Date:
- February 2014
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- Carmen M. Reinhart and Kenneth S. Rogoff This chapter was initially written as a paper for the conference “Financial Crises: Causes, Consequences, and Policy Responses,” IMF, Washington, DC, September 14, 2012. The authors were asked to ponder the question of what lessons have been learned since the crisis began. We are grateful for National Science Foundation Grant No. 0849224 for financial support.