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The world appears to be beginning to recover from the global
recession that is causing widespread business contraction,
increases in unemployment, and shrinking government revenues.
Although the industrialised economies have stopped contracting, for
many, unemployment is still rising. The U.S. likely hit bottom in
June 2009, but numerous small banks and households still face huge
problems in restoring their balance sheets, and unemployment has
combined with sub-prime loans to keep home foreclosures at a high
rate. This book explores and analyses the policy implications of
the global financial crisis, the role of the International Monetary
Fund and China's efforts to stabilise its economy.
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