Book notes: Shadow networks, by Francisco Louçã and Michael Ash
While not all central bankers will read this book, the problems it presents should not be left to politicians to solve
Francisco Louçã and Michael Ash, Shadow networks: financial disorder and the system that caused crisis, Oxford University Press, 2018, 416 pages
This readable and superbly researched book describes what has gone wrong in financial markets, particularly since the 2008 financial crash – explaining how “dark forces” have caused conspiracies between bankers, economists, politicians and the like to act destructively and greedily on our financial system. “Shadow networks”, while appearing to
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