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- DescriptionWhen the first rumblings of the coming financial crisis were heard in August 2007, three men who were never elected to public office suddenly became the most powerful men in the world. They were the leaders of the world's three most important central banks: Ben Bernanke of the U.S. Federal Reserve, Mervyn King of the Bank of England, and Jean-Claude Trichet of the European Central Bank. Over the next five years, they and their fellow central bankers deployed trillions of dollars, pounds and euros to try and contain the waves of panic that threatened to bring down the global financial system. Neil Irwin's The Alchemists is both a gripping account of the most intense exercise in ecomic crisis management we've ever seen, and an insightful examination of the role and power of the central bank. It begins in Stockholm, Sweden, in the seventeenth century, where central banking had its rocky birth, and then progresses through a brisk but dazzling tutorial on how the central banker came to exert such vast influence over our world. It is the story of how these figures and institutions became what they are - the possessors of extraordinary power over our collective fate. What they chose to do with those powers is the heart of the story Irwin tells. Irwin covered the financial crisis for the Washington Post, enjoying privileged access to leading central bankers and the people close to them. His account, based on reporting that took place in 27 cities in 11 countries, is the holistic, truly global story of the central bankers' role in the world ecomy we have been missing. It is a landmark reckoning with central bankers and their power, with the great financial crisis of our time, and with the history of the relationship between capitalism and the state. Definitive, revelatory, and riveting, The Alchemists shows us where money comes from--and where it may well be going.
- Author BiographyNeil Irwin is a senior economic correspondent at The New York Times. He was previously a columnist at The Washington Post, where he led coverage of the global financial crisis, recession, and response of the world's central banks. He has an MBA from Columbia University, where he was a Knight-Bagehot Fellow in Economic and Business Journalism. He lives in Washington. This book was shortlisted for the 2013 Financial Times and Goldman Sachs Business Book of the Year Award.
- PrizesShortlisted for Financial Times/Goldman Sachs Business Book of the Year Award 2013.
- Author(s)Neil Irwin
- PublisherHeadline Publishing Group
- Date of Publication25/03/2014
- SubjectFinance & Accounting
- Place of PublicationLondon
- Country of PublicationUnited Kingdom
- ImprintBusiness Plus
- Weight390 g
- Width131 mm
- Height197 mm
- Spine35 mm
- Format DetailsB-format paperback
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