- Office Address
- Mailing Address
John F. Kennedy School of Government
79 JFK Street
Cambridge, MA 02138
Carmen M. Reinhart is the Minos A.
Zombanakis Professor of the International Financial System at
Harvard Kennedy School. Previously, she was the Dennis Weatherstone
Senior Fellow at the Peterson Institute for International Economics
and Professor of Economics and Director of theCenter
for International Economicsat the
University of Maryland. Professor Reinhart held positions as Chief
Economist and Vice President at the investment bank Bear Stearns in
the 1980s. She spent several years at the International Monetary
Fund. Reinhart is a Research Associate at the National Bureau of
Economic Research, and a member of the Congressional Budget Office
Panel of Economic Advisers and Council on Foreign Relations. She
has served on numerous editorial boards, has testified before
congress, and was listed amongBloomberg Markets Most
Influential 50 in Finance, 2011.
She received her Ph.D. from Columbia University.
Reinhart has written on a variety of topics in
macroeconomics and international finance and trade and her papers
have been published in leading scholarly
journals.Her work has helped to
inform the understanding of financial crises for over a decade. Her
best-selling book (with Kenneth S. Rogoff) entitledThis Time
is Different: Eight Centuries of Financial Folly(Princeton Press) documents the striking
similarities of the recurring booms and busts that have
characterized financial history and has been translated to 20
languages and won the 2010 Paul A. Samuelson TIAA-CREF Institute
Award, among others.
Economic Analysis of Public Policy for International and Global Affairs
Financial Crises: Concepts and Evidence
Carmen Reinhart welcomes media inquiries on the following subjects:
Additional experts may be found by clicking on each subject listed. You may contact faculty directly or if you need assistance contact the Communications Office at 617-495-1115.
For a complete list of faculty citations from 2001 - present, please visit the HKS Faculty Research Connection.
Selected Publication Citations:
- Academic Journal/Scholarly Articles
Reinhart, Carmen. "The Antecedents and Aftermath of Financial
Crises as told by Carlos F Díaz Alejandro." Economiia Journal of
Latin American and Caribbean Economic Association 16.1 (Fall
Reinhart, Carmen, and Kenneth Rogoff. "Dealing with Debt."
Journal of International Economics 96 (July 2015): S43-S55.
Reinhart, Carmen M, and Vincent R. Reinhart. "Financial Crises,
Development, and Growth: A Long-term Perspective." World Bank
Economic Review (April 2015).
Fuentes, Miguel D., Claudio Raddatz, and Carmen M. Reinhart.
"Capital Mobility and Monetary Policy: An Overview." Journal
Economía Chilena 18.1 (April 2015): 50-67.
Reinhart, Carmen M., and M. Belen Sbrancia. "The Liquidation of
Government Debt." Economic Policy 30.82 (March 2015):
Reinhart, Carmen, and Ken Rogoff. "This Time is Different: A
Panoramic View of Eight Centuries of Financial Crises." Annals
of Economics and Finance 15.2 (November 2014): 1065-1188.
Magud, Nicolas E., Carmen M. Reinhart, and Esteban R. Vesperoni.
"Capital Inflows, Exchange Rate Flexibility and Credit Booms."
Review of Development Economics 18.3 (August 2014): 415-430.
Reinhart, Carmen M., and Kenneth S. Rogoff. "Recovery from
Financial Crises: Evidence from 100 Episodes." American Economic
Review 104.5 (May 2014): 50-55.
Reinhart, Carmen, and Ken Rogoff. "Addicted to Dollars." Annals
of Economics and Finance 15.1 (May 2014): 1-52.
- Book Chapters
Reinhart, Carmen, and Kenneth Rogoff. "Financial and Sovereign Debt
Crises: Some Lessons Learned and Those Forgotten." Financial
Crises: Causes, Consequences, and Policy Responses. Ed. Stijn
Claessens, M. Ayhan Kose, Luc Laeven, and Fabian Valencia.
International Monetary Fund, 2014.
Reinhart, Carmen, and Takeshi Tashiro. "Crowding Out Redefined: The
Role of Reserve Accumulation." Prospects for Asia and the Global
Economy. Ed. Reuven Glick, and Mark M. Spiegel. Federal Reserve
Bank of San Francisco, 2014, 1-43.
Reinhart, Carmen. "The Commodity Rollercoaster." Project
Syndicate, November 19, 2015.
Reinhart, Carmen. "The Hidden Debt Burden of Emerging Markets."
Project Syndicate, October 9, 2015.
Reinhart, Carmen. "Inflation, the Fed, and the Big Picture."
Project Syndicate, September 3, 2015.
Reinhart, Carmen. "What Greece Can Expect." Bloomberg View,
July 9, 2015.
Reinhart, Carmen. "Lessons for Greece: Forcible Currency
Conversions from 1982 to 2015." VOX, July 9, 2015.
Reinhart, Carmen. "Are Negative Real Interest Rates the 'New
Normal'?" Nikkei Asian Review, March 5, 2015.
Reinhart, Carmen and Christoph Trebesch. "Sovereign-Debt Relief And
Its Aftermath: The 1930s, The 1990s, The Future?" Vox,
October 21, 2014.
Reinhart, Carmen, and Kenneth Rogoff. "Venezuela's Economic
Underperformance." Project Syndicate, October 13, 2014.
Reinhart, Carmen and Takeshi Tashiro. "Investment In The Wake of
Crises: Asia 15 Years Later." Vox, December 17, 2013.
Reinhart, Carmen. "Of Debt, Growth, Interest Rates & History."
Bloomberg Business, November 5, 2013.
Reinhart, Carmen. "Financial Repression Back to Stay." Bloomberg
Business, March 11, 2012.
- HKS Faculty Research Working Paper Series
Reinhart, Carmen M., and Christoph Trebesch. "The Pitfalls of
External Dependence: Greece, 1829-2015." HKS Faculty Research
Working Paper Series RWP15-065, October 2015.
Reinhart, Carmen M., Vincent R. Reinhart, and Takeshi Tashiro.
"Does Reserve Accumulation Crowd Out Investment?" HKS Faculty
Research Working Paper Series RWP15-038, July 2015.
Reinhart, Carmen. "The Antecedents and Aftermath of Financial
Crises as Told by Carlos F. Díaz Alejandro." HKS Faculty Research
Working Paper Series RWP15-035, July 2015.
Reinhart, Carmen M. and Christoph Trebesch. "Sovereign Debt Relief
and its Aftermath." HKS Faculty Research Working Paper Series
RWP15-028, June 2015.
Reinhart, Carmen, and Miguel Angel Santos. "From Financial
Repression to External Distress: The Case of Venezuela." HKS
Faculty Research Working Paper Series RWP15-018, April 2015.
Reinhart, Carmen, Vincent Reinhart, and Kenneth Rogoff. "Dealing
with Debt." HKS Faculty Research Working Paper Series RWP15-009,