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Books > Business & Economics > Finance & accounting > Finance
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Shadow Networks - Financial Disorder and the System that Caused Crisis (Hardcover)
Loot Price: R1,235
Discovery Miles 12 350
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Shadow Networks - Financial Disorder and the System that Caused Crisis (Hardcover)
Expected to ship within 12 - 19 working days
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The 2007-08 financial crisis surprised many economists and the
public. But how did the crisis come about, why was it so deep, and
why has the clean-up been so slow and painful? Many accounts of the
crisis focus on renegade activity in marginal financial sectors.
Shadow Networks challenges this pervading view and sets out to
demonstrate that, far from a dissident branch, the shadow finance
that initiated the crisis is tightly networked with, and highly
profitable for, bank-based finance. The collapse was not an
accident, but baked into the system of finance from the start.
Shadow Networks traces the complex web of power that caused crisis
and gives vivid descriptions of the actors in the quarter century
leading up to 2007 to explain how the now decade-long crisis took
shape. Shadow Networks: Financial Disorder and the System that
Caused Crisis is a probing examination of the roles of the powerful
elite. It traces the networks and institutions that support a
finance-focused, market centered model of economy and society from
their ascendancy to their surprising resilience in the face of
manifest failures.
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