A clear dive into the context of what happened in the financial crisis of 2001.
It's hard to define who's to blame for the fall, as it was surrounded by unusual circumstances, different political paradigm, and a perfect storm of events that would pressure the financial system, and by extent, innocent civilians that had no say in the decisions that ultimately brought the collapse.
It is a story that very much defines the current political changes happening around the world right now.
Although it's the story of Argentina, an awful lot of events have been present in other countries default's and it is clear it can and probably will keep happening unless there's an extraordinarily new consensus on whether or not a default is something that must be avoided at all cost or maybe it should be treated as an unpleasant but possible event which has a clear plan to confront it and not avoid it at all cost.
The author goes out of his way to paint a clear picture on a high level, as in the decision making from the IMF, congress, and Argentine government and how those decisions affected ordinary civilians.
It's a great book to learn how the collapsed happened and to understand the advantages and disadvantages of a open and deregulated market and why it may not work in emerging markets.
Book reviews: Book-Reviews
Buy the book at: book-amazon
No comments:
Post a Comment