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Front Matter Page
WHERE DO WE GO FROM HERE?
Sustaining a Global Recovery
The recovery has started. Sustaining it will require delicate rebalancing acts, both within and across countries
What’s In and Out in Global Money
Things are hot, then they are not, in the world of international money
Jeffrey A. Frankel
Rebuilding the Financial Architecture
What needs to be done to strengthen financial regulation and supervision?
Countries must begin now to devise economic strategies to accompany recovery
Carlo Cottarelli and José Viñals
Growth after the Crisis
If the world economy is to recover, a replacement must be found for the newly frugal U.S. consumer
The Future of Reserve Currencies
For nearly a century, the U.S. dollar has reigned supreme, but are those days over?
Benjamin J. Cohen
Overhauling the System
United States proposes most radical reform of financial regulation since the New Deal
Anticipating the Next Crisis
What can early warning systems be expected to deliver?
Atish R. Ghosh, Jonathan D. Ostry, and Natalia Tamirisa
Faces of the Crisis
How the crisis has affected six people in different circumstances around the world
ALSO IN THIS ISSUE
Handheld devices are enabling nascent economies to skip a generation of development
Olivier Lambert and Elizabeth Littlefield
Delivering on Change
The IMF has created a new support framework for the world’s low-income countries
Edward Gemayel and Samar Maziad
Increasing global liquidity; Hunger at historic high; Gadgets and gigawatts; IMF blog
People in Economics
Questioning a Chastened Priesthood
Jeremy Clift profiles psychologist
The Three-Hundred-Year Low
The Bank of England’s policy rate is the lowest ever
André Meier and Simon Willson
Back to Basics
What Is Monetary Policy?
Dead Aid: Why Aid Is Not Working and How There Is a Better Way for Africa, Dambisa Moyo
Successes of the International Monetary Fund: Untold Stories of Cooperation at Work, Eduard Brau and Ian McDonald, editors
Money, Finance and Political Economy: Getting It Right, Deena Khatkhate
Flows to Eastern Europe
Foreign banks have supported eastern European banks, but the financial crisis has reversed this trend
José C. Moreno and Ricardo Davico
Illustration: Cover, Michael Glenwood; p. 3, istockphoto; p. 13, ImageZoo/Corbis; p. 27, Bruce Macpherson.
Photography: p. 3, Gideon Mendel/Corbis; p. 4, Sean Gallup, Getty Images/IMF photo illustration; p. 8, Andrew Lichtenstein/Corbis; p. 18, Ann Taylor-Hughes/istockphoto; p. 20, Etsa/Corbis; p. 24, Michael Spilotro, IMF; pp. 30–31, Rischgitz/Getty Images; Bettman/Corbis; Bettman/Corbis; Keystone/Getty Images; Keystone/Getty Images; Adrian Dennis/Newscom; p. 32, Stan Honda/AFP/Newscom; p. 35, Newscom; pp. 38–45, see Acknowledgments on p. 45; p. 48, Sandipan Majumdar; pp. 53–56, IMF Photo Unit.