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This is one of the best books on how a country should face recession. I am not a professional economics or a professor of economics. I know about Nouriel Roubini and Brad Setser through their Project Syndicate articles and blogs and I bought this book on that basis. This is wonderful guide even for people who are not experts in economics. It clearly explains why the conventional economic policies would not work during recession and what to do and what not to do in different cases. Each and every recession is different from each other and this book is no panacea for all recessions. But when a country starts behaving like a deer in the headlight, this book would help it relax and explore the different options available to come out of the recession.
Review: Bailouts or Bail-Ins?: Responding to Financial Crises in Emerging EconomiesUser Review - May - Goodreads
A really fantastic overview of the Emerging market crisis of the 1990s and early 2000s and the lessons learned. The book focuses on that time period, though it is a general book for the study of ... Read full review