The only game in town: central banks, instability, and avoiding the next collapse

Book Cover
Average Rating
Publisher:
Varies, see individual formats and editions
Pub. Date:
Varies, see individual formats and editions
Language:
English
Description
NEW YORK TIMES BESTSELLER * A roadmap to what lies ahead and the decisions we must make now to stave off the next global economic and financial crisis, from one of the world's most influential economic thinkers and the author of When Markets Collide 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 lack the tools to enable a return to high inclusive growth and durable financial stability. The time has come for a policy handoff, from a prolonged period of monetary policy experimentation to a strategy that better targets what ails economies and distorts the financial sector--before we stumble into another crisis. The future, critically, is not predestined. It is up to us to decide where we will go from here as households, investors, companies, and governments. Using a mix of insights from economics, finance, and behavioral science, this book gives us the tools we need to properly understand this turning point, prepare for it, and come out of it stronger. A comprehensive, controversial look at the realities of our global economy and markets, The Only Game in Town is required reading for investors, policymakers, and anyone interested in the future. Praise for The Only Game in Town "The one economic book you must read now . . . If you want to understand [our] bifurcated world and where it's headed, there is no better interpreter than Mohamed El-Erian." - Time "A grand tour of the challenges we face, along with ideal solutions and more likely outcomes . . . We desperately need a system in which the central banks are no longer the only game in town." --Steven Rattner, The New York Times Book Review "A must-read from one of the most astute financial analysts of our time." --Walter Isaacson, author of Steve Jobs "El-Erian's gift for clarity and his use of compelling examples make important economic issues accessible." --Anne-Marie Slaughter, president and CEO, New America "[A] highly intelligent analysis." --Fareed Zakaria, CNN (book of the week)
Also in this Series
More Like This
More Details
ISBN:
9780812997620
9781524709297
081299762
9780812997637
Reviews from GoodReads
Loading GoodReads Reviews.
Staff View

Grouping Information

Grouped Work ID fa89c8e4-5b55-73c5-b01e-9bc0c66da95c
Grouping Title only game in town central banks instability and avoiding the next collapse
Grouping Author el erian mohamed a
Grouping Category book
Last Grouping Update 2018-07-20 22:45:09PM
Last Indexed 2018-07-20 00:20:06AM

Solr Details

accelerated_reader_interest_level
accelerated_reader_point_value 0
accelerated_reader_reading_level 0
author El-Erian, Mohamed A., 1958-
author_display El-Erian, Mohamed A
available_at_catalog Green Hills, Green Hills Kids, Main Kids, Main Library, Southeast
collection_catalog Non-Fiction
detailed_location_catalog Bellevue - Adult Non-Fiction, Green Hills - Adult Non-Fiction, Main Library - Adult Non-Fiction, Southeast - Adult Non-Fiction
display_description "Dr. Mohamed A. El-Erian, one of the world's most influential economic thinkers and the New York Times and Wall Street Journal bestselling author 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 lack the tools to enable a return to high inclusive growth and durable financial stability. The time has come for a policy handoff, from a prolonged period of monetary policy experimentation to a strategy that better targets what ails economies and distorts the financial sector--before we stumble into another crisis. The future, critically, is not predestined. It is up to us to decide where we will go from here as households, investors, companies, and governments. Using a mix of insights from economics, finance, and behavioral science, this book gives us the tools we need to properly understand this turning point, prepare for it, and come out of it stronger. A comprehensive, controversial look at the realities of our global economy and markets, The Only Game in Town is required reading for investors, policymakers, and anyone interested in the future. Advance praise for The Only Game in Town "Mohamed El-Erian has had an extraordinary career as an investment analyst, investor, and market commentator. His 'new normal' concept was prescient, provocative, and has proven out. Agree or disagree, his go-forward thoughts contained in this bracing book are well worth considering."--Lawrence H. Summers, former secretary of the U.S. Treasury "Achieves the nearly impossible: It takes complex financial issues and events and makes them both enlightening and entertaining. It's a must-read for anyone who cares about the global economy and its future."--Jack Welch "May well be the only book you need to read on how the global financial system works, the serious trouble we may be in, and what to do about it. El-Erian's gift for clarity and his use of compelling examples make important economic issues accessible."--Anne-Marie Slaughter, president and CEO, New America "The job of policymakers is mind-bogglingly hard. Who better than Mohamed El-Erian, with his knowledge of markets, his knowledge of policy, and his brilliant mind, to help organize their (and our) thoughts."--Olivier Blanchard, senior fellow at the Peterson Institute for International Economics "Today's global economy is beset by low growth and rising inequality. By looking at the tools now being used by the world's major central banks, Mohamed El-Erian shows how we can instead promote inclusive economic growth. This is a must-read from one of the most astute financial analysts of our time."--Walter Isaacson, author of Steve Jobs"--
format_catalog Book, eAudiobook, eBook
format_category_catalog Audio Books, Books, eBook
id fa89c8e4-5b55-73c5-b01e-9bc0c66da95c
isbn 081299762, 9780812997620, 9780812997637, 9781524709297
item_details ils:CARL0000482236|35192048359891|Bellevue - Adult Non-Fiction|332.11 E392o|||1|false|false|||||Checked Out||BL||, ils:CARL0000482236|35192048359909|Green Hills - Adult Non-Fiction|332.11 E392o|||1|false|false|||||On Shelf||GH||, ils:CARL0000482236|35192048530491|Main Library - Adult Non-Fiction|332.11 E392o|||1|false|false|||||On Shelf||MN||, ils:CARL0000482236|35192048530509|Southeast - Adult Non-Fiction|332.11 E392o|||1|false|false|||||On Shelf||SE||, overdrive:2505125e-4267-45b6-93d4-c3d4603af0ff|-1|Online OverDrive Collection|Online OverDrive|eAudiobook|Audio Books|2|false|true|OverDrive|||OverDrive MP3 Audiobook,OverDrive Listen|Available Online||||, overdrive:9e13a7ed-6811-4b84-8fe3-388ea6e06cbe|-1|Online OverDrive Collection|Online OverDrive|eBook|eBook|2|false|true|OverDrive|||Adobe EPUB eBook,Kindle Book,OverDrive Read|Available Online||||
itype_catalog , Book
last_indexed 2018-07-20T05:20:06.456Z
lexile_score -1
literary_form Non Fiction
literary_form_full Non Fiction
local_callnumber_catalog 332.11 E392o
owning_library_catalog Nashville Public Library
owning_location_catalog Bellevue, Bellevue Kids, Green Hills, Green Hills Kids, Main Kids, Main Library, Southeast
primary_isbn 9780812997620
publishDate 2016
record_details ils:CARL0000482236|Book|Books|First Edition.|English|Random House,|[2016]|xxi, 296 pages ; 25 cm., overdrive:2505125e-4267-45b6-93d4-c3d4603af0ff|eAudiobook|Audio Books||English|Penguin Random House Audio Publishing Group|2016|, overdrive:9e13a7ed-6811-4b84-8fe3-388ea6e06cbe|eBook|eBook||English|Random House Publishing Group|2016|
recordtype grouped_work
scoping_details_catalog
Bib IdItem IdGrouped StatusStatusLocally OwnedAvailableHoldableBookableIn Library Use OnlyLibrary OwnedHoldable PTypesBookable PTypesLocal Url
overdrive:2505125e-4267-45b6-93d4-c3d4603af0ff -1 Available Online Available Online false true true false false false
ils:CARL0000482236 35192048359891 Checked Out Checked Out false false true false false true
ils:CARL0000482236 35192048530491 On Shelf On Shelf false true true false false true
ils:CARL0000482236 35192048359909 On Shelf On Shelf false true true false false true
ils:CARL0000482236 35192048530509 On Shelf On Shelf false true true false false true
overdrive:9e13a7ed-6811-4b84-8fe3-388ea6e06cbe -1 Available Online Available Online false true true false false false
subject_facet Banks and banking, Central, Economic policy, Monetary policy
title_display The only game in town : central banks, instability, and avoiding the next collapse
title_full The Only Game in Town Central Banks, Instability, and Avoiding the Next Collapse, The only game in town : central banks, instability, and avoiding the next collapse / Mohamed A. El-Erian
title_short The only game in town :
title_sub central banks, instability, and avoiding the next collapse
topic_facet Banks and banking, Central, Business, Economic policy, Monetary policy, Nonfiction, Politics