The subject of the research that is presented in this book refers to the global economic crisis and its impact on Serbian economy. The first part of the book, state of the world economy, refers to these countries that were initially affected by the crisis in the period between 2007 and 2008. The second part of the book, Serbian economy- causes of the crisis and its manifestations, refers to the exposure of the domestic system to the current depression. The global financial crisis has led to liquidity issues as well as to the reduction of lending activity. Difficulties in accessing the financial resources are also reflected through decrease in investments which cause the decline in economic activity. The third part of the book, effects of the crisis on Serbian economy and measures to overcome the crisis, refers to specific types of measures and economical adjustments that support the recovery plans as well as future directions and developments. The scientific objective of this book is to describe and analyze pattern of financial crisis and its transformation and action in all spheres of Serbian economy.