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Financial Bailout of September 11: Rapid Response


  • Patrice Flynn


The September 11 crisis elicited almost no economic leadership from the White House, but the monetary authorities acted swiftly to supply liquidity. This economist closely traces the actions of the authorities and shows how substantial the financial bailout really was. She presents the only public detailed analysis of these actions that we are aware of.

Suggested Citation

  • Patrice Flynn, 2002. "Financial Bailout of September 11: Rapid Response," Challenge, Taylor & Francis Journals, vol. 45(1), pages 104-116.
  • Handle: RePEc:mes:challe:v:45:y:2002:i:1:p:104-116 DOI: 10.1080/05775132.2002.11034139

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    References listed on IDEAS

    1. Carmen M. Reinhart & Graciela L. Kaminsky, 1999. "The Twin Crises: The Causes of Banking and Balance-of-Payments Problems," American Economic Review, American Economic Association, vol. 89(3), pages 473-500, June.
    2. Graciela L. Kaminsky & Carmen M. Reinhart, 2001. "Bank Lending and Contagion: Evidence from the Asian Crisis," NBER Chapters,in: Regional and Global Capital Flows: Macroeconomic Causes and Consequences, NBER-EASE Volume 10, pages 73-99 National Bureau of Economic Research, Inc.
    3. Kaminsky, Graciela L. & Reinhart, Carmen M., 2000. "On crises, contagion, and confusion," Journal of International Economics, Elsevier, vol. 51(1), pages 145-168, June.
    4. Glick, Reuven & Rose, Andrew K., 1999. "Contagion and trade: Why are currency crises regional?," Journal of International Money and Finance, Elsevier, vol. 18(4), pages 603-617, August.
    5. Carmen M. Reinhart & Sara Calvo, 1996. "Capital Flows to Latin America: Is There Evidence of Contagion Effects?," Peterson Institute Press: Chapters,in: Guillermo A. Calvo & Morris Goldstein & Eduard Hochreiter (ed.), Private Capital Flows to Emerging Markets After the Mexican Crisis, pages 151-171 Peterson Institute for International Economics.
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    Cited by:

    1. Oana M Nedelescu & R. B. Johnston, 2005. "The Impact of Terrorism on Financial Markets," IMF Working Papers 05/60, International Monetary Fund.

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