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Fed’S “Quantitave Easing Action”– More Than A Move For Us Economy Revitalization?

Author

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  • Lect. Ph.D Rizescu Sabin

    (University of Craiova Faculty of Economics and Business Administration Craiova, Romania)

  • Lect. Ph.D Stanciu Cristian Valeriu

    (University of Craiova Faculty of Economics and Business Administration Craiova, Romania)

  • Prof. Ph.D Spulbar Cristi

    (University of Craiova Faculty of Economics and Business Administration Craiova, Romania)

Abstract

On March 18th 2009, FED has made a move it hasn’t done since 1960 (the so-called Operation Trust conceived by the Kennedy administration): it stepped into the market in order to buy long term securities for an amount of some 1.25 trillion dollars. FED also said this program could be expanded to include a lot of other financial assets. The key issue here is the money resulting from this quantitative easing action taken by FED has not US economy as main destination, but, throw IMF, US are due to become the main creditor of the world.

Suggested Citation

  • Lect. Ph.D Rizescu Sabin & Lect. Ph.D Stanciu Cristian Valeriu & Prof. Ph.D Spulbar Cristi, 2009. "Fed’S “Quantitave Easing Action”– More Than A Move For Us Economy Revitalization?," Revista Tinerilor Economisti (The Young Economists Journal), University of Craiova, Faculty of Economics and Business Administration, vol. 1(13), pages 85-88, NOVEMBER.
  • Handle: RePEc:aio:rteyej:v:1:y:2009:i:13:p:85-88
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    More about this item

    Keywords

    FED; long term bonds; quantitative easing measure; open market action;

    JEL classification:

    • F00 - International Economics - - General - - - General
    • F30 - International Economics - - International Finance - - - General
    • F36 - International Economics - - International Finance - - - Financial Aspects of Economic Integration

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