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Inside the Crisis That Rocked the Global Financial System and Humbled the IMF

Salman Rushdie

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Published in The Chastening: Inside The Crisis That Rocked The Global Financial System And Humbled The Imf

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Book Cover Of 'Inside The Crisis: How The Global Financial System Failed And The IMF Stepped In' The Chastening: Inside The Crisis That Rocked The Global Financial System And Humbled The Imf

The Chastening: Inside The Crisis That Rocked The Global Financial System And Humbled The Imf

by Paul Blustein

4.3 out of 5

Language	:	English
File size	:	1159 KB
Text-to-Speech	:	Enabled
Screen Reader	:	Supported
Enhanced typesetting	:	Enabled
Word Wise	:	Enabled
Print length	:	454 pages

A Gripping Account of the 2008 Financial Crisis

In 2008, the world financial system teetered on the brink of collapse. The subprime mortgage crisis in the United States had spiraled into a global meltdown, threatening to plunge the world economy into a depression. At the heart of the storm was the International Monetary Fund (IMF),an organization tasked with providing financial assistance to countries in crisis.

'Inside the Crisis' is a gripping account of the 2008 financial crisis and the role of the IMF in its aftermath. Written by two former IMF economists, the book provides a unique insider's perspective on the events that led to the crisis and the IMF's response to it.

The book traces the origins of the crisis to the deregulation of the financial industry and the rise of complex financial instruments. It shows how the IMF, under the leadership of Dominique Strauss-Kahn, was slow to recognize the severity of the crisis and initially resisted calls for intervention.

As the crisis deepened, the IMF was forced to play a more active role. The book describes in detail the IMF's negotiations with countries seeking financial assistance, including Greece, Ireland, and Portugal. It also provides an assessment of the IMF's performance during the crisis, revealing both its strengths and weaknesses.

A Must-Read for Anyone Interested in Global Finance and Economics

'Inside the Crisis' is essential reading for anyone interested in global finance and economics. It is a gripping account of the most severe financial crisis since the Great Depression and a valuable resource for understanding the challenges facing the global financial system today.

The book is written in a clear and engaging style, making it accessible to both general readers and experts in the field. It is also extensively researched, drawing on interviews with key policymakers and economists.

If you are interested in learning more about the 2008 financial crisis and the role of the IMF, 'Inside the Crisis' is the book for you.