The Global Economic System: How Liquidity Shocks Affect Financial Institutions and Lead to Economic Crises. George Chacko, Carolyn L. Evans, Hans Gunawan, and Anders Sjöman. FT Press 2011, pp.269, $34.99 It has been nearly three years since Lehman Brothers filed for bankruptcy protection. Unemployment nevertheless remains close to 10%, the housing market has not [...]
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