Short Bio

Carmen M. Reinhart is the Minos A. Zombanakis Professor of the International Financial System at Harvard Kennedy School. She was Senior Policy Advisor and Deputy Director at the International Monetary Fund and held positions as Chief Economist and Vice President at the investment bank Bear Stearns in the 1980s.  She serves in the Advisory Panel of the Federal Reserve Bank of New York, and was a member of the Congressional Budget Office Panel of Economic Advisors.  She has written on a variety of topics in macroeconomics and international finance.   Her work has helped to inform the understanding of financial crises in both advanced economies and emerging markets. Her best-selling book (with Kenneth S. Rogoff)  entitled This Time is Different: Eight Centuries of Financial Folly  documents the striking similarities of the recurring booms and busts that have characterized financial history. It has been translated to over 20 languages and won the Paul A. Samuelson Award

Based on publications and scholarly citations, Reinhart is ranked among the top economists worldwide according to Research Papers in Economics (RePec). She has testified before congress and has been listed among Bloomberg Markets Most Influential 50 in Finance, Foreign Policy's Top 100 Global Thinkers, and Thompson Reuters' The World's Most Influential Scientific Minds.  In 2018 she was awarded the King Juan Carlos Prize in Economics and NABE's Adam Smith Award, among others.

CV (pdf version)

A full listing of her works can also be found in:
Carmen M. Reinhart at Google Scholar
Carmen M. Reinhart at IDEAS

Selected works and data are also featured Behavioral Finance and Financial Stability Project at Harvard Business School

Recent Awards, Commentary, and Research

FIMEF Diamond Finance Award, Instituto Mexicano de Ejecutivos de Finanzas, Mexico, August 2019.

King Juan Carlos Prize in Economics, Bank of Spain, December 2018. Wiki.

Bernhard Harms Prize, Kiel Institute for the World Economy. October 2018. Video

Adam Smith Award, National Association of Business Economists, September 2018.

Project Syndicate Columns 


Horn, Sebastian, Carmen M. Reinhart, and Christoph Trebesch China’s Overseas Lending National Bureau of Economic Research, Working Paper 26050, July 2019. Summary version forthcoming in Harvard Business Review.
Data on outstanding debt owed to China by country, 2000-2017 here.

Data on outstanding debt owed to China by country, 2000-2017 here.

Ilzetzki, Ethan, Carmen M. Reinhart, and Kenneth Rogoff. Why is the Euro Punching Below its Weight? Forthcoming in Economic Policy.

Meyer, Josefin, Carmen M. Reinhart, and Christoph Trebesch, Sovereign Bonds Since Waterloo. NBER Working Paper 25543, February 2019.

Ilzetzki, Ethan, Carmen M. Reinhart, and Kenneth Rogoff. Exchange Rate Arrangements in the 21st Century: Which Anchor Will Hold?, Quarterly Journal of Economics, Vol. 34(2) May 2019, 599-646.
and
The Country Chronologies to Exchange Rate Arrangements into the 21st Century: Will the Anchor Currency Hold?  National Bureau of Economic Research, Working Paper 23135, February 2017. Full classification of exchange rate arragements, anchor currency, and a new measure of capital controls here, other data here.

Bredenkamp, Hugh, Ricardo Hausmann, Alex Pienkowski. and Carmen M. Reinhart Challenges Ahead  in Sovereign Debt: A Guide for Economists and Practitioners, Ali Abbas, Alex Pienkowski, Kenneth Rogoff, editors, (London: Oxford University Press, 2019), 365-404. Video of panel discussion at IMF Conference, September 13, 2018. Paper posted in panel session.

“The Curious Case of the Missing Defaults,” Journal of International Money and Finance, Vol. 95, July 2019, 272-280.

Reinhart, Carmen M., and Vincent R. Reinhart The Crisis Next Time , Foreign Affairs, Vol 97(6), November/December 2018, 84-97.


International Financial Crises,
presentation at the Nobel Symposium on Money and Banking, Stockholm, May 27-28, 2018. Video.