Financial Instability: Toolkit for Interpreting Boom and Bust Cycles (Palgrave Macmillan Studies in Banking and Financial Institutions)

This book explains what is behind the wave of increasingly frequent and severe financial crises since the 1980s. It links theoretical and policy misconceptions to explain, in plain words, why and how global finance needs fixing. Otherwise, the world may not withstand the next, even bigger, financial crisis.