This is a broad analysis of why banks failed, or nearly failed, in the G-10 countries during the volatile years since 1980s. It also looks at what governments should do now to solve the ever-growing problem of failures.
A risk advisor for top financial institutions explains how limitless risky behaviors toppled a 158-year-old institution, using the story to illuminate the interconnection of the global financial system, as well as broader policy implications.
A risk advisor for top financial institutions explains how limitless risky behaviors toppled a 158-year-old institution, using the story to illuminate the interconnection of the global financial system, as well as broader policy implications.
In the 1970's, the “twin crisis” pattern emerged: currency crises often followed bank runs. Many observers developed deterministic twin crisis models: every bank run causes a currency crisis. These models contrast with the historical record: even if several banks fail, the curre…
Dissects the policy mistakes, including Obama's doomed market-led response to the crisis and the obsession of central banks with the red herring of inflation. This title warns that the collapse of Eastern European economies can lead to political crisis in the ex-Soviet states th…
Recommended radical measures, such as quantitative easing, in early 2008 but argues that action has been taken too late and been too timid to make a real difference. Dissects the policy mistakes of the last 12 months including Obama's doomed market-led response to the crisis and…
In The Credit Crunch, Graham Turner predicted that banks would be nationalised and interest rates would be reduced too slowly to halt the crisis. His predictions were correct. His new book, No Way to Run an Economy, is the essential guide to the turbulent times ahead.
An updated examination of what's weakening the U.S. economy, and how to fix it The Committee to Destroy the World: How to Save Yourself and Your Money from the Coming Economic Death Spiral is a passionate and informed analysis of the struggling global economy.
"Failure" explora la inquietante paradoja de que cuanto más nos fallan los sistemas tecnológicos y financieros, más dependientes nos hacemos de ellos. Wall Street y Silicon Valley -los dos mundos que examina este libro- promueven la ilusión de que la escasez puede y debe ser eli…