The Meltdown Years: The Unfolding of the Global Economic Crisis

The year 2008 will always be remembered as one of the darkest, most tumultuous years the banking.industry ever experienced. It was the year that the US financial system came to a total collapse,.bringing down the world economy with it. .InThe Meltdown Years,Financial Timeswriter and renowned prognosticator Wolfgang M�nchau gives.an in-depth analysis of the true origins of the financial crisis of 2008, exploring its beginnings, its.development, and the economy�s future. .M�nchau looks into the new economic reality the crisis has created and predicts how monetary.policy will unfold as a result..The author concludes that the economic crisis, however destructive, was also necessary, as it.served as a much-needed passage to a new financial order.

Wolfgang Mn++nchau is the associate director.of the Financial Times. He is the.recipient of the Wincott Young.Financial Journalist of the Year.Award.