Financial Turmoil : Federal Reserve Policy Responses.

Examines Federal Reserve efforts to counteract financial turmoil since Aug. 2007, covering use of traditional and new tools to stabilize economy, including increasing reserves to the banking system through open market operations and lowering Federal funds rate and discount rate. Discusses Federal Re...

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Bibliographic Details
Corporate Authors:	Library of Congress. Congressional Research Service, ProQuest (Firm)
Format:	eBook
Language:	English
Published:	[Place of publication not identified] : [publisher not identified], 2008.
Series:	U.S. Congressional Research.
Subjects:	Business cycles. Fiscal policy. Banks and banking. Electronic books.
Online Access:	Connect to the full text of this electronic book

Description
Summary:	Examines Federal Reserve efforts to counteract financial turmoil since Aug. 2007, covering use of traditional and new tools to stabilize economy, including increasing reserves to the banking system through open market operations and lowering Federal funds rate and discount rate. Discusses Federal Reserve involvement in JPMorgan acquisition of Bear Stearns and loan to American International Group, guarantees of Citigroup assets, and reviews policy considerations.
Item Description:	Record is based on bibliographic data in ProQuest U.S. Congressional Research Digital Collection (last viewed Dec. 2010). Reuse except for individual research requires license from ProQuest, LLC. CRS Report. Electronic resource.
Physical Description:	1 online resource.