The only game in town : central banks, instability, and avoiding the next collapse / Mohamed A. El-Erian.
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|Adams PL Sys. - Decatur Branch||332.11 ELE ONL (Text)||34207001979237||Adult Non-Fiction||Available||-|
|Bloomfield Eastern Greene Co PL - Bloomfield Main||332.1 ELE (Text)||36803000971411||NONFIC||Available||-|
|Fulton Co PL - Rochester Main Library||332.11 ELE (Text)||33187004012379||Nonfiction||Available||-|
|Lebanon PL - Lebanon||332.11 ELE (Text)||34330513019357||Adult - Non-Fiction||Available||-|
|Mooresville PL - Mooresville||BUS 332.11 ELE (Text)||37323005257632||BUSINESS||Available||-|
|Morgan Co PL - Martinsville Main Library||332.11 ELE (Text)||78551000525273||Non-Fiction||Available||-|
|Plainfield-Guilford Twp PL - Plainfield||332.11 Elerian (Text)||31208912441427||non-fiction||Available||-|
|Westfield Washington PL - Westfield||332.11 El-Erian (Text)||78292000353697||Adult Non-Fiction Book Collection||Available||-|
|Zionsville PL - Hussey-Mayfield Memorial Branch||332.11 EL-ERIAN (Text)||33946003114167||Nonfiction . 2nd Floor||Available||-|
- ISBN: 9780812997620
- ISBN: 081299762X
- Physical Description: xxi, 296 pages : illustrations ; 25 cm
- Edition: First edition.
- Publisher: New York : Random House, 
|Bibliography, etc. Note:||
Includes bibliographical references (pages 269-284) and index.
|Formatted Contents Note:||
The why, how, and what of this book. Setting the stage -- The only game in town -- Central banks' communication challenge -- How and why this book is organized -- Context: the rise, collapse, and resurrection of central banking. The golden age of central banks and "bubblish finance": a brief historical perspective -- Cascading failures -- Central bank resurrection: durable or a dead cat bounce? -- From the what to the so what. Setting the stage: the ten big challenges -- The quest of a generation: sustaining inclusive growth -- Reducing the risk of the unemployed becoming unemployable -- The inequality trifecta -- The persistent trust deficit -- National political dysfunction -- The "G-O": slide into the "international economic non-system" -- The migration and morphing of financial risk -- The liquidity delusion -- Bridging the gap between markets and fundamentals -- It is hard to be a good house in a challenged neighborhood -- The desirable way forward. Addressing the ten big challenges: dealing with willing central banks that lack sufficient tools -- The reduced-form approach to a grand policy design -- From what should happen to what is likely to happen. When desirable and feasible differ -- Turning paralyzing complexity into actionable simplicity -- The belly of the distribution of potential outcomes -- A world of greater divergence(I): multi-speed growth -- A world of greater divergence (II): multi-track central banks -- A world of greater divergence (III): non-economic, non-policy headwinds -- A world of greater divergence (IV): disruptive innovation goes macro -- Putting it all together -- The keys to navigating a bimodal distribution. What history tells us -- Recognizing blind spots and overcoming biases -- Advancing and enhancing cognitive diversity -- Translating awareness into optionality, resilience, and agility -- The power of scenario analyses -- Valuing liquidity and optionality -- Bringing it all together. In sum.
"Our current economic path is coming to an end. Where we go when we reach this inflection point - toward renewed growth and prosperity, or toward increased malaise and financial chaos - is not pre-destined. It is up to us; to our assessment of the situation and our actions, both as individuals and collectively. Now El-Erian, one of the most influential and highly regarded thinkers in the world, provides us with a diagnosis and roadmap to understanding where we are today, how and why our central banks have become the essential actors in the current global economy, but cannot remain so, and where we can - indeed, should and must - go from here as individual investors, households, economies, societies, and governments"-- Provided by publisher.
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