Fault lines: how hidden fractures still threaten the world economy
Rajan, Raghuram
Fault lines: how hidden fractures still threaten the world economy - India Collins Business 2010 - 274
"Raghuram Rajan was one of the few economists who warned of the global financial crisis before it hit. Rajan shows how the individual choices that collectively brought about the economic meltdown--made by bankers, government officials, and ordinary homeowners--were rational responses to a flawed global financial order in which the incentives to take on risk are incredibly out of step with the dangers those risks pose. He traces the deepening fault lines in a world overly dependent on the indebted American consumer to power global economic growth and stave off global downturns. He exposes a system where America's growing inequality and thin social safety net create tremendous political pressure to encourage easy credit and keep job creation robust."
9788172239732
Global Financial Crisis
Social conditions
21st century
Income distribution
United States
History
330.90511 / RAJ
Fault lines: how hidden fractures still threaten the world economy - India Collins Business 2010 - 274
"Raghuram Rajan was one of the few economists who warned of the global financial crisis before it hit. Rajan shows how the individual choices that collectively brought about the economic meltdown--made by bankers, government officials, and ordinary homeowners--were rational responses to a flawed global financial order in which the incentives to take on risk are incredibly out of step with the dangers those risks pose. He traces the deepening fault lines in a world overly dependent on the indebted American consumer to power global economic growth and stave off global downturns. He exposes a system where America's growing inequality and thin social safety net create tremendous political pressure to encourage easy credit and keep job creation robust."
9788172239732
Global Financial Crisis
Social conditions
21st century
Income distribution
United States
History
330.90511 / RAJ
