Economic reports can be dry, pedantic affairs, but this text from economists Anton Brender, Florence Pisani and Emile Gagna reads more like a mainstream book – a whodunit that unravels the reasons behind the stagnant aftermath of the 2008 crisis. The authors cleanly and concisely discuss some big economic policy issues, particularly the important role of financial systems in developed economies. Their description of how risks circulate and spread is especially noteworthy, as is their explanation of how risk-averse savers helped create a risk-hungry – and by 2008, fragile – shadow banking sector. However, their main conclusion – that the world has failed to organize the investments required to absorb surplus global savings – elegantly ties together the seeming paradox of expanding asset bubbles and stifled economic growth. While the general reader may find this a challenging read, getAbstract believes that those with some understanding of economics can gain a great deal of new perspective from it.
In this summary, you will learn
- How national monetary policy affects the real economy,
- What role the financial sector should play and
- What dangers a lack of useful long-term investments presents.
About the Authors
Anton Brender, Florence Pisani and Emile Gagna are economists with Candriam Investors Group, a New York Life Company.
Get the key points from this book in 10 minutes.
For your company
We help you build a culture of continuous learning.
Comment on this summary
5 months agogood book I advise you to read
2 years agogood one
Customers who read this summary also read
Nation Books, 2016
Atif Mian and Amir Sufi
University of Chicago Press, 2015
Carmen M. Reinhart and Kenneth S. Rogoff
Princeton UP, 2009
Dennis Botman et al.