{"product_id":"fault-lines-2","title":"Fault Lines [ Hardcover] by Raghuram G. Rajan","description":"\u003ch2\u003eBook Summary\u003c\/h2\u003e\n\u003cp data-start=\"180\" data-end=\"331\" class=\"\"\u003e\u003cspan class=\"relative -mx-px my-[-0.2rem] rounded px-px py-[0.2rem] transition-colors duration-100 ease-in-out\"\u003eRajan argues that the financial crisis was not merely the result of a few reckless bankers but stemmed from fundamental imbalances and systemic flaws.\u003c\/span\u003e He identifies three primary \"fault lines\" that contributed to the crisis:\u003c\/p\u003e\n\u003col data-start=\"333\" data-end=\"686\"\u003e\n\u003cli data-start=\"333\" data-end=\"458\" class=\"\"\u003e\n\u003cp data-start=\"336\" data-end=\"458\" class=\"\"\u003e\u003cstrong data-start=\"336\" data-end=\"378\"\u003eIncome Inequality in the United States\u003c\/strong\u003e: \u003cspan class=\"relative -mx-px my-[-0.2rem] rounded px-px py-[0.2rem] transition-colors duration-100 ease-in-out\"\u003eRajan highlights the growing disparity between the rich and the poor in the U.S., which led to increased political pressure to provide easy credit to lower-income households. This, in turn, resulted in risky lending practices and the proliferation of subprime mortgages\u003c\/span\u003e\u003c\/p\u003e\n\u003c\/li\u003e\n\u003c\/ol\u003e\n\u003ch2\u003eAbout the Author\u003c\/h2\u003e\n\u003cp data-start=\"49\" data-end=\"278\" class=\"\"\u003e\u003cstrong data-start=\"49\" data-end=\"63\"\u003eFull Name:\u003c\/strong\u003e Raghuram Govind Rajan\u003cbr data-start=\"85\" data-end=\"88\"\u003e\u003cstrong data-start=\"88\" data-end=\"97\"\u003eBorn:\u003c\/strong\u003e February 3, 1963 – Bhopal, India\u003cbr data-start=\"130\" data-end=\"133\"\u003e\u003cstrong data-start=\"133\" data-end=\"148\"\u003eProfession:\u003c\/strong\u003e Economist, Author, Professor\u003cbr data-start=\"177\" data-end=\"180\"\u003e\u003cstrong data-start=\"180\" data-end=\"201\"\u003eCurrent Position:\u003c\/strong\u003e Professor of Finance at the University of Chicago Booth School of Business\u003c\/p\u003e\n\u003cul\u003e\n\u003cli data-start=\"613\" data-end=\"892\" class=\"\"\u003e\n\u003cp data-start=\"615\" data-end=\"892\" class=\"\"\u003e\u003cstrong data-start=\"615\" data-end=\"675\"\u003eChief Economist at the International Monetary Fund (IMF)\u003c\/strong\u003e (2003–2006):\u003cbr data-start=\"688\" data-end=\"691\"\u003eRajan was one of the youngest people to hold this role. Notably, in 2005, he warned about systemic risks in global financial markets — a warning that proved prescient after the 2008 financial crisis.\u003c\/p\u003e\n\u003c\/li\u003e\n\u003cli data-start=\"894\" data-end=\"1184\" class=\"\"\u003e\n\u003cp data-start=\"896\" data-end=\"1184\" class=\"\"\u003e\u003cstrong data-start=\"896\" data-end=\"943\"\u003eGovernor of the Reserve Bank of India (RBI)\u003c\/strong\u003e (2013–2016):\u003cbr data-start=\"956\" data-end=\"959\"\u003eAs RBI Governor, Rajan implemented major reforms to stabilize the rupee, combat inflation, strengthen India’s banking sector, and modernize monetary policy. His tenure is widely viewed as bold, pragmatic, and reform-driven.\u003c\/p\u003e\n\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cp\u003e \u003c\/p\u003e","brand":"Clapping Pages","offers":[{"title":"Used","offer_id":45179321417914,"sku":"2UNG3JKE9-Used","price":29.0,"currency_code":"AED","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0713\/5576\/0826\/files\/fault_47c6a1cc-3b0a-4b2a-a597-416b6856c097.jpg?v=1758647674","url":"https:\/\/clappingpages.com\/products\/fault-lines-2","provider":"Clapping Pages","version":"1.0","type":"link"}