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Government Interventions in Economic Emergencies

Editat de Pablo Sastre, Catherine Chambliss
en Limba Engleză Hardback – 18 mai 2010
There is no precise definition of "financial crisis", but a common view is that disruptions in financial markets rise to the level of a crisis when the flow of credit to households and businesses is constrained and the real economy of goods and services is adversely affected. Since mid-2007, governments have tried with limited success to keep downturn in U.S. sub-prime housing from developing into such a crisis. In response to the ongoing financial turmoil, the federal government intervened financially with private corporations on a large scale that resulted in the government receiving significant debt and equity considerations three times since the beginning of 2008. On October 3rd 2008, the Troubled Assets Relief Program (TARP) was signed into law, giving Treasury the option of purchasing or insuring up to $700 billion of assets from financial firms. This book looks at the global financial crisis here and abroad and the government interventions to stave off economic emergencies. This book consists of public domain documents which have been located, gathered, combined, reformatted, and enhanced with a subject index, selectively edited and bound to provide easy access.
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Specificații

ISBN-13: 9781607413561
ISBN-10: 1607413566
Pagini: 271
Ilustrații: tables
Dimensiuni: 184 x 263 x 23 mm
Greutate: 0.77 kg
Ediția:New.
Editura: Nova Science Publishers Inc

Cuprins

Preface; Auction Basics: Background for Assessing Proposed Treasury Purchases of Mortgage-Backed Securities; Banking & Securities Regulation & Agency Enforcement Authorities; Bear Stearns -- Crisis & "Rescue" for a Major Provider of Mortgage-Related Products; Containing Financial Crisis; Cost of Government Financial Interventions, Past & Present; Dangers from Political Allocation of Capital; Don't Spend to Excess in the Name of Keynesianism; Emergency Economic Stabilization Act; Federal Responses to Market Turmoil; Financial Crisis -- Lessons from Chile; Financial Crisis -- Lessons from Japan; Financial Crisis -- Lessons from Sweden; Financial Market Intervention; Future of Financial Services Hearing -- Bernanke Testimony; Future of Financial Services Hearing -- Paulson Testimony; Government Interventions in Financial Markets; Paulson Statement on Market Developments; Paulson Update on Financial Rescue Package; Proposal to Allow Treasure to Buy Mortgages Related Assets; Resolution Trust Corp -- Historical Analysis; Economic Slowdown: Issues & Policies; Financial Turmoil: Federal Reserve Policy Responses; Regulation of Naked Short Selling; Index.