Government Actions and Interventions
There is empirical evidence that government actions and interventions prolonged and worsened the financial crisis, because they were based on faulty diagnosis of the problem and did not follow clear predictable principles.
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Format: | Journal Article biblioteca |
Published: |
World Bank
2009-12-01
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Subjects: | bank liquidity, bankruptcy, central bank, central banks, federal reserve, financial crisis, flow of credit, interest rate, interest rate expectations, interest rates, liquidity, liquidity problem, market interest rates, maturity, monetary policy, money market, money markets, repos, swap, |
Online Access: | http://hdl.handle.net/10986/4608 |
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Summary: | There is empirical evidence that government actions and interventions prolonged and worsened the financial crisis, because they were based on faulty diagnosis of the problem and did not follow clear predictable principles. |
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