Fixing Global Finance Book

Martin Wolf proposes the development of national financial systems (long-term finance denominated in domestic currency) as a solution for global macroeconomic imbalances. This solution seems to make sense, especially for large emerging markets (small economies do not matter for global imbalances, anyway).
The essence of finance is explained very simply and nicely. His writing style is ok, often clear, but not always. He uses a lot of statistical evidence, but sometimes he repeats the same argument over and over again.
When I got the book (2nd edition, published in 2009 and 2010), I thought it was much more focused on the recent events (global financial crisis). Wolf must have tortured himself a few months after the first edition was published. In this 2nd edition he includes a final chapter on the crisis, which complements all his arguments. This actually makes it an interesting read.