Shutdown by Adam Tooze review – how Covid shook the world economy

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A cosmopolitan analysis of what went wrong and how we can avoid it next time – because there will be a next time

, analysed the financial crisis and showed how largely overlooked aspects of the response – particularly the “swap lines” between the US Federal Reserve and other central banks – proved crucial to its long-term consequences. That book was published within a decade of the crisis, and at the time seemed daringly contemporary, since few historians will tussle with events so close to the present day. Compared with, however, it was ancient history.

 

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