tailieunhanh - A Failure of Capitalism: The Crisis of '08 and the Descent into Depression_7

Tham khảo tài liệu 'a failure of capitalism: the crisis of '08 and the descent into depression_7', tài chính - ngân hàng, ngân hàng - tín dụng phục vụ nhu cầu học tập, nghiên cứu và làm việc hiệu quả | A Failure of Capitalism from selected banks. Then the banks balance sheets would be clean and both management and prospective investors and borrowers would know how safe each bank was. And concerns with favoritism in the allocation of bailout moneys among requesting banks would be allayed. The government may try to circumvent the problem of valuing the banks bad assets by offering to buy them for their marked-down market value as shown on the banks books marked to market and if they have not been marked down insuring rather than buying them. There is still a problem how realistic is an estimate of market value if there is no market but it is an improvement over the original plan s unworkable proposal to auction the bad assets. Still the total cost would be enormous and neither the valuation problem nor the cost would be avoided by as has been suggested the government s nationalizing that is confiscating the banks because it would have to give the owners just compensation. It could let the banks go broke instead and as in the S L debacle pick up the pieces but that would be no cakewalk either. And many would not go broke but instead hunker down hoarding their cash until the economic and regulatory picture cleared. 152 The Government Responds I will skip ahead for a moment to the fourth phase of the government s response to the depression easy money because it is closely related to the second. In the last week of November 2008 the Federal Reserve announced that it would buy 800 billion of private debt. The purpose unlike that of the initial bailout was not to restore liquidity to the banking industry by dispelling uncertainty about the value of the industry s opaque assets it was to increase the amount of money in circulation in order to revive borrowing and thus avert a decline in personal consumption expenditures and hence in output. But the appetite for borrowing and lending is a function not just of the amount of money in the economy but also of the risk of .

TỪ KHÓA LIÊN QUAN
crossorigin="anonymous">
Đã phát hiện trình chặn quảng cáo AdBlock
Trang web này phụ thuộc vào doanh thu từ số lần hiển thị quảng cáo để tồn tại. Vui lòng tắt trình chặn quảng cáo của bạn hoặc tạm dừng tính năng chặn quảng cáo cho trang web này.