The Economics of the Financial Crisis Lessons and New Threats

Through the tools of economics, Annunziata's vivid and gripping book shows how the global financial crisis was caused by a failure of leadership and common sense in which we all played a role. The insights of this clear and compelling analysis are essential for learning the right lessons from the crisis, and seeing new threats around the corner.

Marco Annunziata is the Chief Economist of General Electric. A member of the ECB's Shadow Council and the European Council of Economists, he has been featured on Bloomberg, CNBC, and in the Financial Times and the Wall Street Journal. He has spent 16 years between the IMF and the private financial sector.

PART I: A BRIEF HISTORY OF SCARY TIMES
Introduction: From Hubris to Humble Pie
How Did We Get There?
The Earthquake
PART II: GLOBALIZATION: HOPES, FEARS AND SHIFTING POWERS
Asia Fuels Hopes and Fears
No Man is an Island: International Policy Coordination—Accident or Design?
European Hubris
PART III: LESSONS RIGHT AND WRONG
Deflation, Quantitative Easing, and the Money Multiplier
Has Capitalism Failed?
The Dangerous Temptation of Scapegoating and the Debate on Ethics
PART IV: THE WAY FORWARD
The Eurozone's Existential Challenge
Exit
Conclusion