After the Music Stopped
The Financial Crisis, the Response, and the Work Ahead
by:
Alan S. Blinder
in:
Economics
Summary:
The book provides an analysis of the causes and aftermath of the 2008 financial crisis, detailing the policy responses by the U.S. government and central bank. It also discusses the challenges that remained in the wake of the crisis and the necessary steps to prevent future economic disasters.
Key points:
1. Crisis Complexity: The 2007-2008 crisis was complex, caused by multiple factors like the housing bubble, bad lending, risky financial products, and big bank failures.
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