Global Context & International Effects of the Troubled Asset Relief Program (TARP)
Book Details
Format
Hardback or Cased Book
ISBN-10
1613243472
ISBN-13
9781613243473
Publisher
Nova Science Publishers Inc
Imprint
Nova Science Publishers Inc
Country of Manufacture
US
Country of Publication
GB
Publication Date
Oct 18th, 2011
Print length
166 Pages
Weight
494 grams
Dimensions
25.80 x 18.30 x 1.60 cms
Product Classification:
MacroeconomicsInternational economics
Ksh 37,450.00
Not available
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Quality
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The Troubled Asset Relief Program (TARP) was created by the Emergency Economic Stabilization Act (EESA) enacted on October 3rd, 2008. EESA was passed by Congress and signed by President Bush to address an ongoing financial crisis that reached near-panic proportions in September 2008. The Federal Reserve stepped in with emergency measures to restore liquidity, temporarily calming markets. Losses in mortgage markets, however, continued and spilled into other markets. Financial firms eventually wrote down many of these losses, depleting their capital. Uncertainty about future losses on illiquid and complex assets led to some firms having reduced access to private liquidity, with the loss in liquidity being in some cases catastrophic. This book examines the global context and international effects of TARP, here and abroad.
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