Financial turmoil
Raghuram G Rajan
Einaudi Editor
Page. 392
Raghuram Rajan was one of the few "prophets of doom" in the world to alert the international community of the impending crisis before the discovery of, even at a time when the dominant paradigm was at its peak (In fact, the economist was accused by more than an overly pessimistic).
Earthquakes in the book shows how the financial decisions that individual as a whole have caused the financial collapse of 2007 – decisions taken by governments, bankers and individual homeowners – responses were rational in itself, but within a global financial order that was not working properly. Rajan points the finger fractures that still pose a risk to global economic stability.
At the end of the book outlines the choices Rajan, necessary, if you want to get a world economy more stable, in order to create lasting prosperity for all countries.
Alex Gaetani