Indumugi C’s Reviews > Crashed: How a Decade of Financial Crises Changed the World > Status Update

Woohoo, someone finally finished this book! Political choice, ideology and agency are everywhere across this narrative and in the end what one makes out is the importance of the political in the political economy. I will do a more detailed review soon.

Woop, finished Part 2 of Crashed. Centrally Adam Tooze uses this section to detail the crisis itself, bailouts, liquidity, formation of the G20, Stimulus packages and fixing the financial system by comprehensive legislations such as the Dodd-Frank. I particularly enjoyed the reading the chapter on China and its large stimulus, infrastructural investments and the situation in Eastern Europe transition countries.

I simply cannot believe the brilliance of this book! This a pretty long, detailed and comprehensive book. I have only finished Part I of the book that details the storm that gathered the global financial crisis. So far, the part about the housing market system, the working of the Fed, the various financial tools developed to securitize and pack the riskiest mortgages into tranches, and the Eurozone are my favorites.