Book notes: Unfinished business, by Tamim Bayoumi
Anand Sinha praises Bayoumi’s analysis of how euro crisis and US housing crash were, in fact, intertwined
Tamim Bayoumi, Unfinished business, Yale University Press, 2017, 296 pages
There is a library of literature on the global financial crisis and the European debt crisis. These analyses often treat the two as separate events, with the European banks seen as hapless victims of the subprime crisis in the US. This book differs, seeking to link the crisis to the developments in the banking system in the eurozone and the US driven by deregulation of some aspects of the regulatory framework, and, in
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