Review of Fault Lines: How Hidden Fractures Still Threaten the World Economy

Raghuram Rajan, Fault Lines: How Hidden Fractures Still Threaten the World Economy, Princeton University Press 2010, 272 pages

The global financial crisis that began in 2007 and intensified in 2008 has put financial regulation, crisis management and economic policy into the spotlight. The crisis has attracted much attention because of the tremendous social costs imposed as a result of weak corporate governance in financial firms, significant deficiencies in regulation and supervision, and poor m

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