Crisis: One Central Bank Governor and the Global Financial Collapse. UPDATED EDITION

Alan Bollard, with Sarah Gaitanos

‘Even for those who don't know their OCR from their ECB, the progression of this descent into financial hell is a gripping tale, with enough human touches to make it a truly personal insight.’ - Brenda Ward, Management Magazine

From Basel to the Beehive, through rate cuts and conference calls, Reserve Bank Governor Alan Bollard’s bestselling Crisis was a first-hand account of the global financial and economic meltdown. Now, two years on from the book’s first publication, this new edition 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 and 2009, and on to a fragile recovery in New Zealand and the world since 2010. In two additional chapters for this updated edition, Alan Bollard reveals how New Zealand grappled with the impact of debt crises in the United States and then in Europe — as well as with 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.

Authors

Dr Alan Bollard CNZM was governor of the Reserve Bank of New Zealand from 2002 to 2012. Author of a number of books, he previously held positions as 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, author of Nola Millar: A Theatrical Life (VUP, 2006) and The Violinist: Clare Galambos Winter, Holocaust Survivor (VUP, 2011). She held the Todd Writers’ Bursary in 2008, a Claude McCarthy Fellowship in 2009 and a Winston Churchill Memorial Trust Fellowship in 2012. Her website is www.sarahgaitanos.co.nz.

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