U.S. Financial Crisis

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.