{"product_id":"the-meltdown-years-the-unfolding-of-the-global-economic-crisis-hardcover","title":"The Meltdown Years: The Unfolding of the Global Economic Crisis - Hardcover","description":"\u003cdiv\u003e\u003cp style=\"text-align: right;\"\u003e\u003ca href=\"https:\/\/reportcopyrightinfringement.com\/\" target=\"_blank\" rel=\"nofollow\"\u003e\u003cb\u003eReport copyright infringement\u003c\/b\u003e\u003c\/a\u003e\u003c\/p\u003e\u003c\/div\u003e\u003cp\u003eby \u003cb\u003eWolfgang Munchau\u003c\/b\u003e (Author)\u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\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\u003ch3\u003eBack Jacket\u003c\/h3\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003e\u003cb\u003eTotal Systems Failure: The Global Financial Breakdown and How to Repair It\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e2008 will go down in history as the year the U.S. financial system plunged over the cliff--and pulled the global economy along with it. Nevertheless, says \u003ci\u003eFinancial Times\u003c\/i\u003e editor Wolfgang Münchau, this is not an American problem requiring an American solution. The meltdown was caused by inherent defects in the global economy. It is the world's problem, and it will take international action to fix it.\u003c\/p\u003e \u003cp\u003eAn updated edition of \u003ci\u003eVerboben\u003c\/i\u003e, Münchau's award-winning book published in Germany in 2008, \u003ci\u003eThe Meltdown Years\u003c\/i\u003e provides a solid foundation in the structure and workings of the global economy and presents a broad view of the financial crisis.\u003c\/p\u003e \u003cp\u003eMünchau focuses on three main questions: \u003c\/p\u003e\u003cul\u003e \u003cli\u003eWhat were the key events that led to the global financial bubble? \u003c\/li\u003e\n\u003cli\u003eHow did the meltdown start and why did it spread? \u003c\/li\u003e\n\u003cli\u003eWhat needs to be done to repair the economy and to avoid future setbacks?\u003c\/li\u003e\n\u003c\/ul\u003e \u003cp\u003eMünchau puts the pieces of the puzzle together to form a remarkably clear picture of an extraordinarily complex subject--while providing actionable advice for creating a more durable financial order.\u003c\/p\u003e\u003ch3\u003eAuthor Biography\u003c\/h3\u003e\u003cp\u003e\u003cb\u003eWolfgang Münchau\u003c\/b\u003e is an associate editor of the \u003ci\u003eFinancial Times\u003c\/i\u003e, where he writes a weekly column about the European Union and the European economy. Between 1988 and 1995 he held several posts at \u003ci\u003eThe Times\u003c\/i\u003e newspaper, including Washington and Brussels correspondent. Wolfgang Münchau lives in Belgium.\u003c\/p\u003e\n            \u003cdiv\u003e\n\u003cstrong\u003eNumber of Pages:\u003c\/strong\u003e 256\u003c\/div\u003e\n            \u003cdiv\u003e\n\u003cstrong\u003eDimensions:\u003c\/strong\u003e 0.96 x 9.22 x 6.3 IN\u003c\/div\u003e\n            \u003cdiv\u003e\n\u003cstrong\u003ePublication Date:\u003c\/strong\u003e October 01, 2009\u003c\/div\u003e\n            ","brand":"BooksCloud","offers":[{"title":"Default Title","offer_id":43333532876935,"sku":"9780071634786","price":50.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0601\/2623\/2711\/files\/qIsjQNlqcA9780071634786.webp?v=1760788215","url":"https:\/\/booksby.splitshops.com\/products\/the-meltdown-years-the-unfolding-of-the-global-economic-crisis-hardcover","provider":"Books by splitShops","version":"1.0","type":"link"}