Crisis: One Central Bank Governor & the Global Financial Collapse

Description

Reserve Bank Governor Alan Bollard's bestselling Crisis was a first-hand account of the global financial meltdown. Two years on, this new edition of Crisis brings the story up to date. Crisis takes readers from the overheated markets of 2007, through the collapse of investment banks and stressful times for numerous economies in 2008/9, and on to a fragile recovery around the world since 2010. In two new chapters for this edition, Bollard reveals how New Zealand is grappling with the impact of the US debt ceiling crisis, the current sovereign debt crises in Europe and the devastating effects of the Christchurch earthquakes. Bad news on the Reuters screen, emergency meetings and urgent decisions, making sure Christchurch has enough cash and ATMs: Crisis captures the drama of events as politicians, bankers and government officials struggle to deal with the worst financial crisis since the Great Depression. Dr Alan Bollard has been governor of the Reserve Bank of New Zealand since 2002. Author of a number of books, he has previously been Secretary to the Treasury, Chair of the Commerce Commission and Director of the New Zealand Institute of Economic Research. Sarah Gaitanos is an independent writer and oral historian.

Dr Alan Bollard has been governor of New Zealand's central bank, the Reserve Bank of New Zealand, since 2002 and retires at the end of this year. He has a PhD in economics from The University of Auckland and was made a Distinguished Alumnus of the university in 1998. He has been New Zealand's Secretary of the Treasury (1998-2002) and Chair of the Commerce Commission (1994-1998). He is a past Director of the New Zealand Institute of Economic Research (1987-1994) and has worked as an economist in the Britain and the South Pacific. Dr Bollard has produced a computer simulation game called Oikonomos - where players act as the Minister of Finance - and he helped rebuild the famous Phillips hydraulic economic simulation model "the Moniac". He is the author of a number of books, including Small Business in New Zealand, The Structure and Dynamics of New Zealand Industries and Crisis: One Central Bank Governor & the Global Financial Collapse, a memoir of his experiences during the global financial meltdown published in September 2010 to coincide with the anniversary of the collapse of Lehman Brothers. Sarah Gaitanos is a Wellington based writer and oral historian. An arts graduate of the University of Canterbury, she is the author of Nola Millar: A Theatrical Life, researched with the assistance of a $10,000 history research trust award and written while a Visiting Resident Scholar at the Stout Research Centre for New Zealand Studies at Victoria University of Wellington), and The Violinist: Clare Galambos Winter, Holocaust Survivor, written with the assistance of the Todd Writers' Bursary and a Claude McCarthy Fellowship.

""[Crisis] "offers a rare firsthand account of how international finance chiefs struggled to cope with the downturn." --Neil Sands, "Agence France-Presse", on previous edition