The Financial Crisis

There is no use denying the fact that the modern world still suffers from the aftermath of the financial crisis which had the great impact on all spheres of social life and branches of economy. Being so important, this issue is investigated by a great number of scientists and researchers who want to show people the main reasons that triggered the process of the development of the crisis. John Authers is also one of these authors.

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His book Europe’s Financial Crisis: A Short Guide to How the Euro Fell Into Crisis and the Consequences for the World revolves around the economic system of Europe, its currency and the main peculiarities of the crisis in terms of the functioning of the European Union. It should be said that the given book turns out to be very helpful for a person who wants to understand all key points and realize the real aftermath of the given process.

Moreover, a person could also recognize perspectives which await Europe and its economic system. The fact is that the author manages to present some aspects of Euro, its genesis and development in a very clear and understandable way (Authers 18).

Authers suggests the deep analysis of the European banking system, its currency and the way in which it evolutes. That is why, a reader can understand the aspects that influence the power of the given currency and determine whether it could continue its growth or not. With this in mind, it is possible to make a certain conclusion. John Authers in his book manages to analyze the main peculiarities of the world financial crisis and the way in which it influences the currency of the European Union.

The financial system has always been an integral part of any society. One should accept the fact that money is the most powerful remedy of the world and, that is why, scientists try to analyze the peculiarities of its functioning in order to understand the way in which one or another currency might develop and what features it might obtain. This analysis is very important for the functioning of any economic system as it helps to predict the development of this sector and avoid some possible problems.

Phillip Coggans The Money Machine: How the City Works is also devoted to the analysis of the main aspects of money and financial system of a state. The author also underlines the great importance of the financial system and the role of banks in its functioning. The international financial revolution which is mentioned at the beginning of the book helps a reader to understand the way in which money became so significant and what perspectives might await this remedy (Coggan 11).

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The given book could be taken as a great guide for people who want to consider the functioning of the given system and obtain the clear vision of some aspects of banking systems of various countries. Additionally, a reader of the book might also understand the way in which money influences the world and society, determining the ways in which various institutions work. With this in mind, it is possible to say that the given book provides clear and distinctive analysis of the main peculiarities of the functioning of the financial aspect of society. Moreover, it could be understood by a reader who does not have deep knowledge in the given sphere and just wants to obtain at least a slight idea.

Works Cited

Authers, John. Europe’s Financial Crisis: A Short Guide to How the Euro Fell Into Crisis and the Consequences for the World. New Jersey: FT Press, 2012. Print.

Coggan, Philip. The Money Machine: How the City Works. London: Penguin Books, 2009. Print.

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NerdyTom. 2021. "The Financial Crisis." November 3, 2021. https://nerdytom.com/the-financial-crisis/.

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