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This book explains in clear, accessible language how global financial markets became unstable — especially in light of the sub-prime mortgage crisis — and analyses the mechanisms behind financial meltdowns. Read draws on economic history, banking dynamics, and global finance to show how systemic risks build up, and offers his recommendations on policies and reforms that could help avoid future crises.
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Publisher: Palgrave Macmillan (UK)
Publishing Year: 2008
ISBN: 978-0-230-22218-2
Pages: 257