{"product_id":"9780071634786","title":"The Meltdown Years: The Unfolding of the Global Economic Crisis","description":"\u003cb\u003eAuthor(s): Munchau, Wolfgang\u003c\/b\u003e\u003cbr\u003e\u003cbr\u003e\n\n\u003cp\u003e\u003ci\u003eThe Meltdown Years\u003c\/i\u003eoffers the most lucid and useful explanation todate about why home values, life savings, jobsecurity, and investments around the worldare in peril.\u003c\/p\u003e\u003cp\u003eRather than focus on \u003ci\u003ewho\u003c\/i\u003e is to blame,though, author Wolfgang Münchau takes themore practical approach of focusing on \u003ci\u003ewhat\u003c\/i\u003e isto blame. The fact that individuals were stupid,greedy, and corrupt should come as no surprise.What’s remarkable is that our world’sfinancial systems—put in place to help staveoff such a crisis—failed so miserably.\u003c\/p\u003e\u003cp\u003eWhat is inherently wrong with the globalmonetary system? What happened to theregulatory process? What role did the creditmarket, hedge funds, and investment banksplay? These are the types of questions onemust answer in order to truly comprehendwhat caused the meltdown and, more importantly,to understand what must be done torepair it.\u003c\/p\u003e\u003cp\u003eMünchau dissects the global financial system,exposing its flaws and weaknesses in thecontext of the crisis. A decidedly global perspectiveof the greatest financial crisis of ourtime, \u003ci\u003eThe Meltdown Years\u003c\/i\u003e examines\u003c\/p\u003e\u003cul\u003e\n\u003cli\u003eThe structure of the worldbanking system\u003c\/li\u003e\n\u003cli\u003eGlobal events that led tofinancial collapse\u003c\/li\u003e\n\u003cli\u003eThe growth of speculative bubbles\u003c\/li\u003e\n\u003cli\u003eThe descent from financial crisisinto full-out recession\u003c\/li\u003e\n\u003c\/ul\u003e\u003cp\u003ePointing to an unstable global economicsystem as the root of the problem, theauthor predicts how long the recession willand illustrates long-term consequences ofthe meltdown.\u003c\/p\u003e\u003cp\u003e“Apportioning [individual] blame for thiscrisis may be fun,” Münchau writes, “butit is a dead-end road for anyone who seeksan understanding of what happened.” AIG,Alan Greenspan, Fannie Mae, Bear Stearns…Each is portrayed as a villain responsible forthe state of the economy. In truth, the blame ismuch broader and lies much deeper.\u003c\/p\u003e\u003cp\u003e\u003ci\u003eThe Meltdown Years\u003c\/i\u003e is required readingfor anyone who wants to follow the ongoingdebate about economic recovery and understandwhat the collapse means for the future offinancial capitalism.\u003c\/p\u003e\n\n\u003cbr\u003e\u003cbr\u003eReview(s):\u003cbr\u003e\u003cbr\u003e\u003cbr\u003eEAN: 9780071634786\u003cbr\u003e\u003cbr\u003eAge Group:  \u003cbr\u003e\u003cbr\u003eNumber of Pages: 256\u003cbr\u003e\u003cbr\u003eWeight: 536.6 gr\u003cbr\u003e\u003cbr\u003e","brand":"McGraw Hill","offers":[{"title":"Hardback","offer_id":43845744885998,"sku":"9780071634786","price":63.69,"currency_code":"AUD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0630\/9612\/7726\/products\/9780071634786_e33e9e4d-93e1-445a-92cc-cb710cc7277e.jpg?v=1671234614","url":"https:\/\/bookland.com.au\/products\/9780071634786","provider":"Book Land AU","version":"1.0","type":"link"}