{"product_id":"kubarych-m-roger-stress-testing-the-system-9780876092712","title":"Stress Testing the System","description":"What if you took seventy-five of the most experienced professionals in the fields of finance, economics, foreign policy, and national security and confronted them with two dozen policy problems triggered by a massive contraction in the stock markets? That is the premise of Stress Testing the System: Simulating the Global Consequences of the Next Financial Crisis. Based on a policy simulation that was conducted before the September 11,2001 attacks and is now even more relevant, Council Fellow Roger Kubarych draws several key lessons: government policymakers need to dedicate time and resources to identifying the principal vulnerabilities of financial and political systems-and anticipating their possible consequences. While it won't help them predict a crisis, playing out a variety of low-probability, high-cost events will leave leaders better prepared when one occurs. Kubarych notes that policymakers' first priority in a financial crisis is to stabilize markets-all other problems are subordinate. This book is more than a revealing account of the lessons and implications of time- and crisis-pressured decision making: it is an instructive guide to organizing business and financial \"war-gaming.\" Kubarych provides an insider's look at the collaboration among great minds that led to a successfully crafted scenario played out with real-world accuracy.","brand":"Council on Foreign Relations","offers":[{"title":"Used - good","offer_id":53204992328022,"sku":null,"price":0.0,"currency_code":"EUR","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0925\/5829\/5382\/files\/product_image_9780876092712_1_7fd026f5-677d-4b49-b499-ebea5b404e93.jpg?v=1781250263","url":"https:\/\/www.momoxbooks.com\/products\/kubarych-m-roger-stress-testing-the-system-9780876092712","provider":"momoxbooks","version":"1.0","type":"link"}