Titlebook: Crisis: Cause, Containment and Cure; Thomas F. Huertas Book 2011Latest edition Palgrave Macmillan, a division of Macmillan Publishers Limi

Introduction

Conditional Containment did inflationary pressures, especially from commodity prices. This economic environment conditioned containment of the crisis. Unlike prior crises in 1987, 1998 and 2001 the authorities did not counter the crisis with immediate reductions in short-term interest rates. The authorities kept interest

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Better Resolutions, such as the rescue of Bear Stearns (see Chapter 3), which appeared to confirm the market’s expectation that some institutions were too big or too interconnected to fail. In the case of Lehmans (see Chapter 4) the authorities reversed course. Instead of rescuing Lehmans, they forced it into bankru

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Better Regulationin on-balance sheet leverage of financial firms, particularly the systemically relevant firms at the heart of the financial system that engaged in ‘acquire-to-arbitrage’ (see Chapter 2). This contributed to the financial crisis. When the crisis struck, capital and liquidity proved insufficient. This

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Was machen Menschen und Medien?, crisis, it takes years for an economy to recover to its former peak output level and it may take longer still to restore its trend rate of growth. In some cases, crises leave a permanent scar — the crisis permanently reduces the level of GDP. The total cost of a crisis can therefore amount to a very high proportion of GDP (BCBS 2010a).

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,Anwendungsmöglichkeiten im Marketing,was steadier. Inflation was under control. Confidence was growing among both policymakers and the public at large that the business cycle had been tamed, that central banks had mastered the art of guiding the economy to a soft landing.

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