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Financial crisis: causes and consequences

In the author's opinion, the origin of the economic recession taking place in most countries resides in the house price crashes happened in the USA's and UK's housing markets. The financial crisis has been caused by many factors, which are analysed here. Some ways of how to manage the crisis are presented too.

Phelps E. esp2@columbia.edu

Keywords: economic recession financial crisis financial crisis economy housing market employment banks credit

China anti-recessionary measures concerning the small and medium enterprises

In China provinces, the small and medium enterprises are predominant among all enterprises. Using the data of sociological and statistical researches, we analyze the problems which the small and medium enterprises faced during the world crisis. We show what anti-recessionary arrangements were undertaken by the central government, and how effective they were.

Xiuting Zou iuting@sohu.com

Keywords: China province county small and medium enterprises crisis employment crisis credit

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