The Lionel Gelber Prize for foreign-affairs writing has gone to Columbia University history professor Adam Tooze for his book Crashed: How a Decade of Financial Crises Changed the World (Viking).

The $15,000 prize was founded by Canadian diplomat Lionel Gelber in 1989 and is presented by the University of Toronto, Foreign Policy magazine, and the Lionel Gelber Foundation.

Crashed was hailed by jury chair Janice Stein for linking the financial crash of 2007 through 2009 with the contemporary political stage, including “the Ukrainian conflict, Brexit, and the election of Donald Trump.”