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A Quantification Of The 2008-2009 US Bailout Package

Author

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  • Cicero I. LIMBEREA

    () (“A.I. Cuza” University, Iasi, Romania. US Certified Public Accountant (CPA) and CF holder (ICAEW UK).)

Abstract

By examining the credit crunch causes and effects, this paper reflects on the necessity of the banks bailout package and its alternatives and quantifies a maximum non-inflationary bailout amount which is unlikely to cause permanent adjustments in the long term (trade-weighted) exchange rate equilibrium level of the US dollar. Furthermore it determines that the current bailout amounts are less than the maximum non-inflationary bailout amount and determines that to resolve the underlying credit crunch problem, an increase in non-bank bailout M1 and/or a tax reduction is necessary.

Suggested Citation

  • Cicero I. LIMBEREA, 2009. "A Quantification Of The 2008-2009 US Bailout Package," Review of Economic and Business Studies, Alexandru Ioan Cuza University, Faculty of Economics and Business Administration, issue 3, pages 127-135, May.
  • Handle: RePEc:aic:revebs:y:2009:i:3:limbereac
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    File URL: http://rebs.ro/resource/REBS_3/Research%20Paper/Cicero_LIMBEREA_-_A_Quantification_Of_The_2008-2009.pdf
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    References listed on IDEAS

    as
    1. Karen H. Johnson, 1983. "Foreign experience with targets for money growth," Federal Reserve Bulletin, Board of Governors of the Federal Reserve System (U.S.), issue Oct, pages 745-754.
    2. Jamal Ibrahim Haidar, 2009. "The mark-to-market valuation and executive pay package regulations within the 2009 US (Bailout) Emergency Economic Stabilization Act," Journal of Economic Policy Reform, Taylor and Francis Journals, vol. 12(3), pages 189-199.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    credit crunch; M1; M3; ISLM equilibrium; demand shock; Keynesian multiplier; monetary policy; fiscal policy; mortgage prepayments changes; MBS; velocity of money supply; long term equilibrium of exchange rates.;

    JEL classification:

    • M1 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration
    • M3 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Marketing and Advertising

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