The financial crisis of 2008 brought the world to a standstill. Banks and financial firms all over the world had to be rescued by governments - in effect, bailed out by the taxpayer. But have things changed post-2008?
Are financial firms and banks operating more responsibly?
Are they taking fewer risks than they did in the past?
What will happen as and when the next financial crisis hits us?
Vivek Kaul answers these and many more questions on how the global financial system is operating in the post-financial-crisis era in the third book in the Easy Money series.
Vivek Kaul was born and brought up in Ranchi. He ran with the herd to do an MBA, only to realize that it was a waste of time. He then ended up in a PhD programme, and dropped
out of it three years later. Like many other confused souls, he landed up in journalism and found his true calling in reading, writing and being lazy.
Currently, Vivek writes an eponymous Diary and a Letter for equitymaster.com. His writing has also appeared in Times of India, Hindu, Hindu Business Line, Businessworld, Business Today, India Today, Mid-Day, Business Standard, Forbes India, Deccan Chronicle, Bangalore Mirror, Mumbai Mirror, Asian Age, Mutual Fund Insight, Wealth Insight, Swarajya, Dainik Jagran, Daily News and Analysis (DNA), Economic Times and others.
In online media his writing has appeared on Rediff, Firstpost, Huffington Post, Quartz, Newslaundry and BBC.
Vivek has also authored India's Big Government: The Intrusive State and How It is Hurting Us.