Summary and Info
Contrary to conventional belief, the authors propose that roots of a financial crisis lie in microeconomic rather than macroeconomic factors. Their evidence is convincing. This is a good book for anyone who wants to know why the past financial crises happened and how to cope with them from both the public and the private perspectives. The authors also present the "ten warning signs of a financial crisis" based on macroeconomic data that can be used as a guideline to predict a crisis in certain economy. But the problem is they cannot predict when it will happen. The authors' objective to "offer some unique perspectives, case examples, and practical solutions, and an actionable, strategic blueprint that our clients can tailor to meet their specific needs" is well presented.
More About the Author
Dominic Barton (born 1962) is a Canadian management consultant. He has been managing director of McKinsey & Co since 2009.
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