Current Economic and Financial Conditions
AbstractAlthough the Federal Reserve strongly favors private-sector solutions to private-sector problems, the risk of financial instability in the United States and in much of the rest of the world has implied the need to take extraordinary actions on the part of governments and central banks. The complexity of the problems has in some instances required situation-specific responses. Enactment of the Emergency Economic Stabilization Act, especially the Troubled Asset Relief Program, is an important step to deal with a systemic financial problem of historic dimensions. Fortunately, economic policymakers have learned the lessons of history and have intervened while the majority of financial institutions still have adequate capital and liquidity to provide credit to the economy. Timely government intervention, together with the natural recuperative power of financial markets, will lay the groundwork for financial and economic recovery.Business Economics (2008) 43, 8–12; doi:10.2145/20080401
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Bibliographic InfoArticle provided by Palgrave Macmillan in its journal Business Economics.
Volume (Year): 43 (2008)
Issue (Month): 4 (October)
Contact details of provider:
Web page: http://www.palgrave-journals.com/
Postal: Palgrave Macmillan Journals, Subscription Department, Houndmills, Basingstoke, Hampshire RG21 6XS, UK
You can help add them by filling out this form.
reading list or among the top items on IDEAS.Access and download statisticsgeneral information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Elizabeth Gale).
If references are entirely missing, you can add them using this form.