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Fault lines : how hidden fractures still threaten the world economy Raghuram G. Rajan

By: Material type: TextTextLanguage: English Publication details: Princeton, NJ Princeton University Press 2010Edition: 1st edDescription: x, 270 p. 21 cmISBN:
  • 9780691152639
Subject(s): LOC classification:
  • HC 110.I5 R366
Summary: Shows how individual decisions that together caused economic meltdown - decisions 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.
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Shows how individual decisions that together caused economic meltdown - decisions 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.

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