Lessons of the Financial Crisis (Council on Foreign Relations (Council on Foreign Relations Press))

The "Financial Crisis" report by Benn Steil is a must-read for anyone seeking to understand the root causes of the recent economic downturn.

Steil, a senior fellow and director of international economics at the Council on Foreign Relations, provides a comprehensive analysis of how monetary, taxation, and home ownership promotion policies combined with other features of the financial system to fuel an unsustainable buildup in debt.

He then offers practical recommendations for reversing the debt financing bias and making the system more resilient to falls in asset prices.

With Steil's expertise and insight, this report is essential reading for policymakers, investors, and anyone else seeking to navigate the complex world of international finance.