The Only Game in Town: Central Banks, Instability, and Avoiding the Next Collapse Central Banks, Instability, and Avoiding the Next Collapse, Mohamed A. El-Erian
  • List: $20.00  |  Sale: $14.00
    Club: $10.00
    • Facebook Share
    • Twitter Share
    • Pinterest Share

Details

The Only Game in Town: Central Banks, Instability, and Avoiding the Next Collapse

Author: Mohamed A. El-Erian

Narrator: Dan Woren

Unabridged: 9 hr 15 min

Format: Digital Audiobook

Publisher: Random House Audio

Published: 03/29/2016

Genre: Business & Economics - Banks & Banking

Synopsis

NEW YORK TIMES BESTSELLER • A roadmap to what lies ahead and the decisions we must make now to stave off the next global economic and financial crisis, from one of the world’s most influential economic thinkers and the author of When Markets Collide

Our current economic path is coming to an end. The signposts are all around us: sluggish growth, rising inequality, stubbornly high pockets of unemployment, and jittery financial markets, to name a few. Soon we will reach a fork in the road: One path leads to renewed growth, prosperity, and financial stability, the other to recession and market disorder.

In The Only Game in Town, El-Erian casts his gaze toward the future of the global economy and markets, outlining the choices we face both individually and collectively in an era of economic uncertainty and financial insecurity. Beginning with their response to the 2008 global crisis, El-Erian explains how and why our central banks became the critical policy actors—and, most important, why they cannot continue is this role alone. They saved the financial system from collapse in 2008 and a multiyear economic depression, but lack the tools to enable a return to high inclusive growth and durable financial stability. The time has come for a policy handoff, from a prolonged period of monetary policy experimentation to a strategy that better targets what ails economies and distorts the financial sector—before we stumble into another crisis.

The future, critically, is not predestined. It is up to us to decide where we will go from here as households, investors, companies, and governments. Using a mix of insights from economics, finance, and behavioral science, this book gives us the tools we need to properly understand this turning point, prepare for it, and come out of it stronger. A comprehensive, controversial look at the realities of our global economy and markets, The Only Game in Town is required reading for investors, policymakers, and anyone interested in the future.

Praise for The Only Game in Town

“The one economic book you must read now . . . If you want to understand [our] bifurcated world and where it’s headed, there is no better interpreter than Mohamed El-Erian.”–Time

“A grand tour of the challenges we face, along with ideal solutions and more likely outcomes . . . We desperately need a system in which the central banks are no longer the only game in town.”—Steven Rattner, The New York Times Book Review

“A must-read from one of the most astute financial analysts of our time.”—Walter Isaacson, author of Steve Jobs

“El-Erian’s gift for clarity and his use of compelling examples make important economic issues accessible.”—Anne-Marie Slaughter, president and CEO, New America

“[A] highly intelligent analysis.”—Fareed Zakaria, CNN (book of the week)

Recommended

The Digital Banking Revolution, Luigi Wewege
The Digital Banking Revolution
by Luigi Wewege

Over the past decade financial service innovations have contributed to a completely new way in which customers can bank, threatening the status quo of traditional retail banks, and redefining a banking model which has been in place for generations. ...

Narrator: Jim Cassidy
Published: 02/15/2017

The Instant Economist You Need to Know About How the Economy Works, Timothy Taylor
The Instant Economist
by Timothy Taylor

The Only Economics Book You Will Ever Need. Economics isn't just about numbers: It's about politics, psychology, history, and so much more. We are all economists-when we work, save for the future, invest, pay taxes, and buy our groceries. Yet many ...

Narrator: Don Hagen
Published: 01/31/2012

Young Money Inside the Hidden World of Wall Street's Post-Crash Recruits, Kevin Roose
Young Money
by Kevin Roose

Becoming a young Wall Street banker is like pledging the world's most lucrative and soul-crushing fraternity. Every year, thousands of eager college graduates are hired by the world's financial giants, where they're taught the secrets of making obs...

Narrator: Nicholas Tecosky
Published: 02/18/2014

Crash of the Titans Greed, Hubris, the Fall of Merrill Lynch and the Near-Collapse of Bank of America, Greg Farrell
Crash of the Titans
by Greg Farrell

The intimate, fly-on-the wall tale of the decline and fall of an America icon With one notable exception, the firms that make up what we know as Wall Street have always been part of an inbred, insular culture that most people only vaguely under...

Narrator: Dan Woren
Published: 11/02/2010

Why Wall Street Matters, William D. Cohan
Why Wall Street Matters
by William D. Cohan

A timely, counterintuitive defense of Wall Street and the big banks as the invisible—albeit flawed—engines that power our ideas, and should be made to work better for all of us Maybe you think the banks should be broken up and the banker...

Narrator: Rob Shapiro
Published: 02/28/2017

Secrecy World Inside the Panama Papers Investigation of Illicit Money Networks and the Global Elite, Jake Bernstein
Secrecy World
by Jake Bernstein

Pulitzer Prize-winning journalist Jake Bernstein takes listeners inside the scandalous world revealed by the Panama Papers, a landscape of illicit money, political corruption, and fraud on a global scale.A hidden circulatory system flows beneath the...

Narrator: Jake Bernstein
Published: 11/21/2017

Collusion How Central Bankers Rigged the World, Nomi Prins
Collusion
by Nomi Prins

In this searing exposA©, former Wall Street insider Nomi Prins shows how the 2007-2008 financial crisis turbo-boosted the influence of central bankers and triggered a massive shift in the world order.Central banks and international institution...

Narrator: Ellen Archer
Published: 05/01/2018

Cryptocurrency: Mining, Investing and Trading in Blockchain for Beginners., Travis Goleman
Cryptocurrency: Mining, Investing and Trading in Blockchain for Beginners.
by Travis Goleman

Lots of investment opportunities have come and gone. Now is the time for cryptocurrencies, so do not miss the boat. Th? block ?h?in is an online d???ntr?li??d ?ubli? ledger of ?ll digit?l tr?n???ti?n? th?t have taken ?l???. It i? digit?l currency's...

Narrator: Matt Montanez
Published: 01/03/2018

The Orange Code How ING Direct Succeeded by Being a Rebel With a Cause, Arkadi Kuhlmann
The Orange Code
by Arkadi Kuhlmann

Since 1996, ING Direct has grown from a mere concept to a global enterprise, with over 20 million customers in nine countries. In an industry dominated by big banks with little patience for their customers, ING Direct has always strived to be differ...

Narrator: Bill Weideman
Published: 11/03/2008
{"id":"1286506","ean":"9781524709280","abr":"Unabridged","title":"The Only Game in Town: Central Banks, Instability, and Avoiding the Next Collapse","subtitle":"Central Banks, Instability, and Avoiding the Next Collapse","author":"Mohamed A. El-Erian","rating_average":"0","narrator":"Dan Woren","ubr_id":"1286506","abr_id":"0","ubr_price":"20.00","abr_price":"0.00","ubr_memprice":"13.00","abr_memprice":"0.00","ubr_narrator":"Dan Woren","abr_narrator":"","ubr_length":"Unabridged: 9 hr","abr_length":"Abridged: "}