A review by jgauthier
The Alchemists: Three Central Bankers and a World on Fire by Neil Irwin
4.0
The amount of engineering that helped to drive us into the recent financial crisis (and subsequently pulled us out of it) is just staggering. This book reveals the role of central banking—far, far more central to the healthy functioning of a modern developed economy than you might expect—in the United States, the EU, the UK, and more.
It's fascinating to see the reflections of different national / continental theories and cultural attitudes toward finance in central banking policy, and examine how the central banks' unique perspectives of their role all clash repeatedly as these leaders of the major economies of the world are forced to cooperate in times of crisis.
It's fascinating to see the reflections of different national / continental theories and cultural attitudes toward finance in central banking policy, and examine how the central banks' unique perspectives of their role all clash repeatedly as these leaders of the major economies of the world are forced to cooperate in times of crisis.