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Books

What went wrong with the world economy: Mervyn King’s analysis

The former governor of the Bank of England warns that the present danger is not that the euro might collapse but that it might continue

5 March 2016

9:00 AM

5 March 2016

9:00 AM

The End of Alchemy Mervyn King

Little, pp.448, £25, ISBN: 9781408706107

I once asked an American friend to come and talk to the Centre for the Study of Financial Innovation. He told them that he was against it. That put him ahead of his time, but Mervyn King agrees with him.

In his decade as Governor of the Bank of England, he had seen what innovation could do, in good times and bad — in crisis, and in the fitful recovery that followed.

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