Crashed: How a Decade of Financial Crises Changed the World

Adam Tooze of Columbia University discussed his book Crashed: How a Decade of Financial Crises Changed the World at a launch event at the Peterson Institute for International Economics on October 30, 2018. Tamim Bayoumi, author of Unfinished Business: The Unexplored Causes of the Financial Crisis and the Lessons Yet to be Learned, was the discussant.

Crashed: How a Decade of Financial Crises Changed the World offers a comprehensive history of the financial crisis of 2008 and its long aftermath in the European Union, Eastern Europe, and Asia. It braids the insights of new macrofinancial analysis with an account of politics and geopolitics to reveal how the crisis shook the Western world to its foundations.

Tooze is the Kathryn and Shelby Cullom Davis Professor of History and the director of the European Institute at Columbia University. Before joining Columbia, he taught at Yale University and the University of Cambridge. At Yale he succeeded Paul Kennedy as director of International Security Studies and was involved in the Brady-Johnson Grand Strategy Program.

Bayoumi is a deputy director in the Strategy, Policy, and Review (SPR) Department of the International Monetary Fund (IMF). He has worked in a variety of roles at the Fund, including heading the divisions responsible for the United States and Canada, the World Economic Outlook, and exchange rate and macroeconomic modeling. He researched and wrote Unfinished Business while a senior fellow at the Institute on leave from the IMF in 2015–16.