Global Imbalances (Brender and Pisani)

Global Imbalances and the Collapse of Globalised Finance , by Anton Brender and Florence Pisani, book published by the CEPS: explores the interaction between the socalled ‘global imbalances’ and the accumulation of risk in different parts of the world. The main causes of the recent disastrous in finances are the increase in the intensity of international transfers of savings and a wave of innovations (changed the way savings and the risks with their investment) .