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.