 The book was published by MIT Press in 2012 and was co-written with Dr. Sarit Cohen Goldner from Bar-Ilan University and Professor Yoram Weiss from Tel-Aviv University

The Subprime mortgage crisis shook not only the global economics but also the common perception regarding economic policy.The book tests both the central role banks played in the crisis and the role they could play in preventing or preparing for future crises.The authors focus on monetary policy, new field of macroprudential policy, and the exchange rate matters, capital flows, financial markets and banking.