About the Book : - The financial collapse of 2007 and the 'Great Recession' that followed left many economists on the defensive. News programs, magazines, pundits, and even the Queen of England asked, with some variation, the same question: Why didn't you see it coming? While there are broad similarities in the things that go wrong in every financial crisis, this was a crisis centred on what many would agree is the most sophisticated financial system in the world.
What happened to the usual regulatory checks and balances?What happened to the discipline imposed by markets? What happened to the private instinct for self-preservation? Is the free enterprise system fundamentally flawed? These are not questions that would arise if this were just another emerging market crisis. And given the cost of this crisis, we cannot afford facile or wrong answers. Fault Lines is a perceptive, detailed look at where the answers to the questions that were raised during the recession may lie.
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Review: Fault Lines: How Hidden Fractures Still Threaten the World EconomyUser Review - Goodreads
What exactly happened in 2008? How a crisis of US effected us and emerging markets of Asia? Are financial sector becoming more complex and need restriction? What are the fault lines and what are their ...
Review: Fault Lines: How Hidden Fractures Still Threaten the World EconomyUser Review - Kaushal - Goodreads
Most detailed analysis of economic discomforts of 21st century. Almost all economists tried to encash the 2008 recession by writing one or other book related to recession. Rajan was one of the ... Read full review
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