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The Only Game in Town
Author: Mohamed A El-Erian

ISBN: 9780812997620
Format: Hardcover
Number Of Pages: 320
Published: 26 January 2016
Country of Publication: US
Dimensions (cm): 23.6 x 16.3 x 2.5
Description:
"NEW YORK TIMES "BESTSELLER Dr. Mohamed A. El-Erian, one of the world s most influential economic thinkers and theauthor of "When Markets Collide, "has written" "a roadmap to what lies ahead and the decisions we must make now to stave off the next global economic and financial crisis. Our current economic path is coming to an end. The signposts are all around us: sluggish growth, rising inequality, stubbornly high pockets of unemployment, and jittery financial markets, to name a few. Soon we will reach a fork in the road: One path leads to renewed growth, prosperity, and financial stability, the other to recession and market disorder. In "The Only Game in Town, " El-Erian casts his gaze toward the future of the global economy and markets, outlining the choices we face both individually and collectively in an era of economic uncertainty and financial insecurity. Beginning with their response to the 2008 global crisis, El-Erian explains how and why our central banks became the critical policy actors and, most important, why they cannot continue is this role alone. They saved the financial system from collapse in 2008 and a multiyear economic depression, but ...

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