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The alchemists: three central bankers and a world on fire

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When the first fissures became visible to the naked eye in August 2007, suddenly the most powerful men in the world were three men who were never elected to public office. 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 contain the waves of panic that threatened to bring down the global financial system, moving on a scale and with a speed that had no precedent. Neil Irwin's The Alchemists is a gripping account of the most intense exercise in economic crisis management we've ever seen, a poker game in which the stakes have run into the trillions of dollars. The audiobook begins in, of all places, 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, from its troubled beginnings to the Age of Greenspan, bringing the listener into the present with a marvelous handle on 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 Fed and other central banks from the earliest days of the crisis for the Washington Post, enjoying privileged access to leading central bankers and 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 economy 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.
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Grouping Information

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full_title alchemists three central bankers and a world on fire
author irwin neil
grouping_category book
lastUpdate 2017-04-25 07:43:24AM

Solr Details

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auth_author2 Dixon, Walter.
author Neil Irwin
author-letter Irwin, Neil.
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date_added 2013-04-12T04:00:00Z
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display_description Explores the work of the world's most powerful central bankers-- --Ben Bernanke of the U.S. Federal Reserve, Mervyn King of the Bank of England, and Jean-Claude Trichet of the European Central Bank--offering a view from the cockpit of the global economy as the three men struggled to keep it from going down.
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physical 1 online resource (1 audio file (14hr., 15 min.)) : digital., xvii, 430 p., [16] p. of plates : ill. ; 25 cm.
popularity 9
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publishDate 2013
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subject_facet Banks and banking, Central -- History, Financial crises -- History, Global Financial Crisis, 2008-2009, Monetary policy -- History
target_audience Adult
target_audience_full Adult
title The alchemists : three central bankers and a world on fire
title_display The alchemists : three central bankers and a world on fire
title_full The Alchemists Three Central Bankers and a World on Fire, The alchemists : three central bankers and a world on fire / Neil Irwin, The alchemists [electronic resource] : three central bankers and a world on fire / Neil Irwin
title_short The alchemists :
title_sort alchemists three central bankers and a world on fire
title_sub three central bankers and a world on fire
topic Business, Nonfiction
topic_facet Business, Nonfiction