Fault Lines

Written by Raghuram G. Rajan, this book aims at enlightening the readers about the fault lines that exist in the contemporary world economy. In this thoroughly researched book, the world renown economist points out the fault lines in much detail and pinpoints to the year 2008 when a global financial crisis precipitated as a result of those fault lines. He also mentions that, if not attended to immediately, more severe financial crisis are likely to surface in future. Going against the norms, he mentions that the financial crisis of 2008 arose not as a result of a faulty decision by individuals—governments, homemakers and bankers—but by a seemingly intricate chain of fault lines which forced the individuals to such decisions. The author does not just go talking about the fault lines but also presents the readers with a fixed course of action that the economies of the world must adopt in order to make fruitful changes happen. Published by Harper Collins India in 2011, this book is available in paperback edition. About the author: The author of Fault Lines: How Hidden Fractures Still Threaten The World Economy, Raghuram G. Rajan born into a Tamil family in Madhya Pradesh is a world renown academician and economist. He took charge as the Governor of the Reserve Bank of India on 4th September, 2013 and has authored several books on matters pertaining to the world's economy.