Unconditional Containment

Thomas F. Huertas

Chapter 5 in Crisis: Cause, Containment and Cure, 2011, pp 82-99 from Palgrave Macmillan

Abstract: Abstract Meltdown did not happen, but the world came close. Following the failure of Lehman Brothers the world economy went into a free fall. Output declined at an even faster rate than it had at the start of the Great Depression. The prospect of a downward debt-deflation spiral loomed.1

Keywords: Central Bank; Basis Point; Banking System; Quantitative Ease; Loan Guarantee (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-32135-9_6

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DOI: 10.1057/9780230321359_6

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