We now offer Curbside Plus Services. Bookdrops remain open but buildings are closed. Returned items are quarantined for 6 days before they are checked in. Fines are not charged for quarantined items.

The only game in town: central banks, instability, and avoiding the next collapse

Book Cover
Average Rating
Publisher:
Varies, see individual formats and editions
Pub. Date:
2016.
Language:
English
Description
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)
Also in This Series
More Like This
More Details
ISBN:
9780812997620
9781524709297
9780812997637
Staff View

Grouping Information

Grouped Work ID51895556-4eb2-8e8a-f34e-db97abc8bb5e
Grouping Titleonly game in town central banks instability and avoiding the next collapse
Grouping Authormohamed a el erian
Grouping Categorybook
Grouping LanguageEnglish (eng)
Last Grouping Update2020-09-20 04:38:11AM
Last Indexed2020-09-20 05:02:13AM
Novelist Primary ISBNnone

Solr Details

accelerated_reader_point_value0
accelerated_reader_reading_level0
authorEl-Erian, Mohamed A., 1958-
author_displayEl-Erian, Mohamed A
available_at_aacplBroadneck Library
Crofton Library
Odenton Library
Online OverDrive Collection
collection_aacplADULT
detailed_location_aacplBroadneck Library - Nonfiction
Crofton Library - Nonfiction
Odenton Library - Nonfiction
Online OverDrive Collection
display_description"Dr. Mohamed A. El-Erian, one of the world's most influential economic thinkers and the New York Times and Wall Street Journal bestselling author of When Markets Collide, has written a roadmap to what lies ahead and the decisions we must make now to stave off the next global economic and financial crisis. 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. Advance praise for The Only Game in Town "Mohamed El-Erian has had an extraordinary career as an investment analyst, investor, and market commentator. His 'new normal' concept was prescient, provocative, and has proven out. Agree or disagree, his go-forward thoughts contained in this bracing book are well worth considering."--Lawrence H. Summers, former secretary of the U.S. Treasury "Achieves the nearly impossible: It takes complex financial issues and events and makes them both enlightening and entertaining. It's a must-read for anyone who cares about the global economy and its future."--Jack Welch "May well be the only book you need to read on how the global financial system works, the serious trouble we may be in, and what to do about it. 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 "The job of policymakers is mind-bogglingly hard. Who better than Mohamed El-Erian, with his knowledge of markets, his knowledge of policy, and his brilliant mind, to help organize their (and our) thoughts."--Olivier Blanchard, senior fellow at the Peterson Institute for International Economics "Today's global economy is beset by low growth and rising inequality. By looking at the tools now being used by the world's major central banks, Mohamed El-Erian shows how we can instead promote inclusive economic growth. This is a must-read from one of the most astute financial analysts of our time."--Walter Isaacson, author of Steve Jobs"--
format_aacplBook
eAudiobook
eBook
format_category_aacplAudio Books
Books
eBook
id51895556-4eb2-8e8a-f34e-db97abc8bb5e
isbn9780812997620
9780812997637
9781524709297
item_details
Bib IdItem IdShelf LocCall NumFormatFormat CategoryNum CopiesIs Order ItemIs eContenteContent SourceeContent FileeContent URLsubformatDetailed StatusLast CheckinLocationSub-location
overdrive:2505125e-4267-45b6-93d4-c3d4603af0ff1Online OverDrive CollectionOnline OverDriveeAudiobookAudio Books1falsetrueOverDriveOverDrive MP3 Audiobook, OverDrive ListenAvailable Online
overdrive:2505125e-4267-45b6-93d4-c3d4603af0ff-1Online OverDrive CollectionOnline OverDriveeAudiobookAudio Books4falsetrueOverDriveOverDrive MP3 Audiobook, OverDrive ListenAvailable Online
overdrive:9e13a7ed-6811-4b84-8fe3-388ea6e06cbe1Online OverDrive CollectionOnline OverDriveeBookeBook0falsetrueOverDriveAdobe EPUB eBook, Kindle Book, OverDrive ReadAvailable Online
overdrive:9e13a7ed-6811-4b84-8fe3-388ea6e06cbe-1Online OverDrive CollectionOnline OverDriveeBookeBook2falsetrueOverDriveAdobe EPUB eBook, Kindle Book, OverDrive ReadAvailable Online
ils:a125309331997088604152Broadneck Library - Nonfiction332.11 E1falsefalseOn ShelfDec 11, 2019BDN
ils:a125309331997094083334Crofton Library - Nonfiction332.11 E1falsefalseOn ShelfFeb 28, 2020CRO
ils:a125309331997088604137Odenton Library - Nonfiction332.11 E1falsefalseOn ShelfMar 02, 2020WCO
itype_aacplAdult Nonfiction
last_indexed2020-09-20T09:02:13.938Z
lexile_score-1
literary_formNon Fiction
literary_form_fullNon Fiction
local_callnumber_aacpl332.11 E
Online OverDrive
owning_library_aacplAnne Arundel County Public Library
Anne Arundel County Public Library Online
owning_location_aacplBroadneck Library
Crofton Library
Odenton Library
Online OverDrive Collection
primary_isbn9780812997620
publishDate2016
record_details
Bib IdFormatFormat CategoryEditionLanguagePublisherPublication DatePhysical Description
overdrive:2505125e-4267-45b6-93d4-c3d4603af0ffeAudiobookAudio BooksEnglishPenguin Random House Audio Publishing Group2016
overdrive:9e13a7ed-6811-4b84-8fe3-388ea6e06cbeeBookeBookEnglishRandom House Publishing Group2016
ils:a1253093BookBooksFirst Edition.EnglishRandom House, 2016.xxi, 296 pages ; 25 cm
recordtypegrouped_work
scoping_details_aacpl
Bib IdItem IdGrouped StatusStatusLocally OwnedAvailableHoldableBookableIn Library Use OnlyLibrary OwnedHoldable PTypesBookable PTypesLocal Url
overdrive:2505125e-4267-45b6-93d4-c3d4603af0ff1Available OnlineAvailable Onlinefalsetruetruefalsefalsetrue
overdrive:2505125e-4267-45b6-93d4-c3d4603af0ff-1Available OnlineAvailable Onlinefalsetruetruefalsefalsefalse
overdrive:9e13a7ed-6811-4b84-8fe3-388ea6e06cbe1Available OnlineAvailable Onlinefalsetruetruefalsefalsetrue
overdrive:9e13a7ed-6811-4b84-8fe3-388ea6e06cbe-1Available OnlineAvailable Onlinefalsetruetruefalsefalsefalse
ils:a125309331997088604152On ShelfOn Shelffalsetruetruefalsefalsetrue
ils:a125309331997094083334On ShelfOn Shelffalsetruetruefalsefalsetrue
ils:a125309331997088604137On ShelfOn Shelffalsetruetruefalsefalsetrue
subject_facetBanks and banking, Central
Economic policy
Monetary policy
title_displayThe only game in town : central banks, instability, and avoiding the next collapse
title_fullThe Only Game in Town Central Banks, Instability, and Avoiding the Next Collapse
The only game in town : central banks, instability, and avoiding the next collapse / Mohamed A. El-Erian
title_shortThe only game in town
title_subcentral banks, instability, and avoiding the next collapse
topic_facetBanks and banking, Central
Business
Economic policy
Monetary policy
Nonfiction
Politics