Authoritative, accessible, and comprehensive analysis of the origins of the global financial crash and the management of its consequences. Covers developments in the global economy, housing markets and financial institutions before the crash. Describes the main crash events and explains the key amplification mechanisms~Explores the economic logic and limitations of the bank rescue and evaluates to what extent it worked. Devotes half of its coverage to a critical and hard-hitting analysis of policy after the crash~Examines the use of monetary and fiscal stimulus to revive economies, efforts to cure unemployment, measures to tackle housing market meltdown, austerity and the battles over long-term sovereign debt~Dedicated chapters on the Eurozone crash and on potential future global economic instabilities~The paperback edition marks the 10th anniversary of the crash