Book notes: Against the Consensus: Reflections on the Great Recession

Justin Yifu Lin, Against the Consensus: Reflections on the Great Recession, Cambridge University Press,  273 pages

The author, who was chief economist of the World Bank from 2008 to 2012 and is currently Honorary Dean of the National School of Development, Beijing University, has a clear thesis. The origins of the global financial crisis lay in the functioning of the international monetary system and, specifically, excess liquidity created by US financial deregulation and the Federal Reserve’s