Summary of The Shifts and the Shocks
From THE SHIFTS AND THE SHOCKS by Martin Wolf. Summarized by arrangement with Penguin Press, an imprint pf Penguin Publishing Group, a division of Penguin Random House LLC.
Looking for the book?
We have the summary! Get the key insights in just 10 minutes.
This is a radical treatise from Martin Wolf, the chief economics commentator and associate editor of The Financial Times. He argues persuasively that policy makers should force banks to hold more equity, embracing the possibility that the financial sector could shrink drastically as a result. His agenda includes other widely discussed ideas, such as changing the US dollar’s global role and encouraging developing countries to insure themselves against fiscal crisis. While always politically neutral, getAbstract suggests Wolf’s clear language and intriguing arguments to financial professionals, investors and executives.
About the Author
Associate editor and chief economics commentator at The Financial Times, Martin Wolf has received many awards for journalism. His previous books include Why Globalization Works and Fixing Finance.