An authoritative insider's perspective, this book penned by the governor of the Reserve Bank of New Zealand chronicles the global financial and economic meltdown. A well-researched and dynamic firsthand account, it captures the drama of the events-from the overheated markets of 2007 through the collapse of investment banks and crises in multiple economies to the fragile recovery in New Zealand and the world in 2010-as politicians, bankers, and government officials struggled to deal with the worst financial crisis since the Great Depression. This updated edition also reveals how New Zealand grappled with the impact of debt crises in the United States and Europe as well as with the devastating effects of the Christchurch earthquakes.
Alan Bollard is the governor of the Reserve Bank of New Zealand and the author of several books, including Small Business in New Zealand and The Structure and Dynamics of New Zealand Industries. Sarah Gaitanos is a writer, a researcher, and an oral historian. She is the author of Nola Millar: A Theatrical Life.
Preface 2010 -- Preface to Updated Edition 2012 -- Chapter 1: The End of the Golden Weather: The background, 1987-2007 -- Chapter 2: Gathering Storm Clouds: 2007-August 2008 -- Chapter 3: Bursts, Busts and Bailouts: September 2008 -- Chapter 4: A Very Bad Week in a Very Bad Month: October 2008 -- Chapter 5: The Contagion Spreads: October-December 2008 -- Chapter 6: From Hong Kong to Basel: December 2008-January 2009 -- Chapter 7: On the Tight Rope: February 2009 -- Chapter 8: How Bad Could This Get?: March 2009 -- Chapter 9: The First Green Shoots: April-June 2009 -- Chapter 10: Fragile Recovery: June-August 2009 -- Chapter 11: Bring Out Your Dead -- New chapters -- Chapter 12: Troughs and Ceilings: Global impacts of European sovereign debt crisis -- Chapter 13: Shocks and Jolts: Economic and financial effects of the Christchurch earthquakes -- Timeline -- Further Reading -- Index.