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The only game in town : central banks, instability, and avoiding the next collapse / Mohamed A. El-Erian.

by El-Erian, Mohamed A., 1958-

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Random House, [2016]

Banks and banking, Central.

Monetary policy.

Economic policy.

9780812997620 (hc.)

xxi, 296 pages : illustrations ; 25 cm.

Includes bibliographical references (pages 269-284) and index.

Includes bibliographical references and index.

"Our current economic path is coming to an end. Where we go when we reach this inflection point - toward renewed growth and prosperity, or toward increased malaise and financial chaos - is not pre-destined. It is up to us; to our assessment of the situation and our actions, both as individuals and collectively. El-Erian, the chair of President Obama's Global Development Council, provides us with a diagnosis and roadmap to understanding how and why our central banks have become the essential actors in the current global economy, but cannot remain so, and where we can - indeed, should and must - go from here as individual investors, households, economies, societies, and governments"--Provided by publisher.

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