Three Central Bankers and the World on Fire: A must-read for understanding the global financial crisis

The global financial crisis of 2008 was the worst financial crisis since the Great Depression. It caused a deep recession in the United States and Europe, and led to a loss of trillions of dollars in wealth. The crisis was caused by a number of factors, including reckless lending by banks, a housing bubble, and a lack of regulation.

The Alchemists: Three Central Bankers and a World on Fire

by Neil Irwin

4.5 out of 5

Language	:	English
File size	:	12900 KB
Text-to-Speech	:	Enabled
Screen Reader	:	Supported
Enhanced typesetting	:	Enabled
X-Ray	:	Enabled
Word Wise	:	Enabled
Print length	:	465 pages

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Three Central Bankers and the World on Fire is a gripping account of the global financial crisis, as told by three of the people who were at the heart of it: Ben Bernanke, Mario Draghi, and Mervyn King. These three men were the heads of the Federal Reserve, the European Central Bank, and the Bank of England, respectively. They were responsible for trying to prevent the crisis, and for managing its aftermath.

The book provides a unique perspective on the crisis. Bernanke, Draghi, and King were in a position to see the crisis unfold firsthand, and they were involved in making the decisions that shaped the response to the crisis. The book provides a wealth of insights into the causes of the crisis, the mistakes that were made, and the lessons that can be learned.

Three Central Bankers and the World on Fire is a must-read for anyone who wants to understand the global financial crisis. It is a gripping account of one of the most important events in recent history, and it provides valuable insights into the challenges of managing the global economy.

The authors

Ben Bernanke is the former chairman of the Federal Reserve. He was appointed by President George W. Bush in 2006 and served until 2014. Bernanke is a leading expert on the Great Depression and the global financial crisis. He is the author of several books, including "The Courage to Act: A Memoir of a Crisis and Its Aftermath."

Mario Draghi is the former president of the European Central Bank. He was appointed in 2011 and served until 2019. Draghi is a former governor of the Bank of Italy and a former vice chairman of Goldman Sachs. He is widely credited with saving the eurozone during the global financial crisis.

Mervyn King is the former governor of the Bank of England. He was appointed in 2003 and served until 2013. King is a former professor of economics at the London School of Economics. He is the author of several books, including "The End of Alchemy: Money, Banking, and the Future of the Global Economy."

The book

Three Central Bankers and the World on Fire is published by Viking. It is available in hardcover, paperback, and e-book formats. The book has received critical acclaim from a wide range of sources, including the New York Times, the Wall Street Journal, and the Financial Times.

The book is divided into three parts. The first part provides a detailed account of the events leading up to the global financial crisis. The second part describes the crisis itself and the efforts of central bankers to contain it. The third part discusses the lessons that can be learned from the crisis and the challenges of managing the global economy in the future.

Three Central Bankers and the World on Fire is a must-read for anyone who wants to understand the global financial crisis. It is a gripping account of one of the most important events in recent history, and it provides valuable insights into the challenges of managing the global economy.

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### High-quality relevant long descriptive alt text for images

* **Ben Bernanke:** A headshot of Ben Bernanke, the former chairman of the Federal Reserve. * **Mario Draghi:** A headshot of Mario Draghi, the former president of the European Central Bank. * **Mervyn King:** A headshot of Mervyn King, the former governor of the Bank of England. * **Three Central Bankers and the World on Fire:** A cover image of the book Three Central Bankers and the World on Fire.

The Alchemists: Three Central Bankers and a World on Fire

by Neil Irwin

4.5 out of 5

Language	:	English
File size	:	12900 KB
Text-to-Speech	:	Enabled
Screen Reader	:	Supported
Enhanced typesetting	:	Enabled
X-Ray	:	Enabled
Word Wise	:	Enabled
Print length	:	465 pages

FREE