Download or read book Budgetary Impact and Subsidy Costs of the Federal Reserve s Actions During the Financial Crisis written by Kim Kowalewski and published by DIANE Publishing. This book was released on 2010-10 with total page 43 pages. Available in PDF, EPUB and Kindle. Book excerpt: Over the past several years, the nation has experienced its most severe financial crisis since the Great Depression. In response, policymakers undertook a series of extraordinary actions to stabilize financial markets and institutions. The Federal Reserve System (FR) used its policy tools to reduce short-term interest rates and increase the avail. of funds to banks, and it created a variety of non-traditional credit programs to help restore liquidity and confidence to the financial sector. This study describes the various actions by the FR to stabilize the financial markets and how those actions will affect the fed. budget in coming years. Also presents estimates of the risk-adjusted subsidies that the FR provided to financial institutions through its emergency programs.
Download or read book The Budgetary Impact and Subsidy Costs of the Federal Reserve s Actions During the Financial Crisis written by and published by . This book was released on 2010 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: And introduction -- Actions by the Federal Reserve to address the financial crisis -- The projected impact of the Federal Reserve's actions on the Federal Budget -- Estimates of fair-value subsidies from the Federal Reserve's actions -- Appendix A : Programs created by the Federal Reserve during the financial crisis -- Appendix B : CBO's fair-value methods.
Download or read book The Budgetary Impact and Subsidy Costs of the Federal Reserve s Actions During the Financial Crisis written by and published by . This book was released on 2010 with total page 35 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Federal Reserve Policies and Financial Market Conditions During the Crisis written by Scott A. Brave and published by DIANE Publishing. This book was released on 2011-08 with total page 67 pages. Available in PDF, EPUB and Kindle. Book excerpt: During the recent financial crisis, the Fed implemented a series of extraordinary and unconventional policies to alleviate the impact of the crisis on financial markets and the economy. This paper examines the effects of these policies on broad financial market conditions. The Fed was more likely to initiate or expand new programs when financial market conditions were tighter than usual and economic conditions deteriorating. The Fed¿s policies improved broad financial market conditions significantly at announcement and that the improvements were associated primarily with program initiations and expansions. Charts and tables. This is a print on demand edition of an important, hard-to-find publication.
Download or read book Budgetary Impact and Subsidy Costs of Federal Reserve written by and published by . This book was released on 2010 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Financial Crisis Inquiry Report written by Financial Crisis Inquiry Commission and published by Cosimo, Inc.. This book was released on 2011-05-01 with total page 692 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Financial Crisis Inquiry Report, published by the U.S. Government and the Financial Crisis Inquiry Commission in early 2011, is the official government report on the United States financial collapse and the review of major financial institutions that bankrupted and failed, or would have without help from the government. The commission and the report were implemented after Congress passed an act in 2009 to review and prevent fraudulent activity. The report details, among other things, the periods before, during, and after the crisis, what led up to it, and analyses of subprime mortgage lending, credit expansion and banking policies, the collapse of companies like Fannie Mae and Freddie Mac, and the federal bailouts of Lehman and AIG. It also discusses the aftermath of the fallout and our current state. This report should be of interest to anyone concerned about the financial situation in the U.S. and around the world.THE FINANCIAL CRISIS INQUIRY COMMISSION is an independent, bi-partisan, government-appointed panel of 10 people that was created to "examine the causes, domestic and global, of the current financial and economic crisis in the United States." It was established as part of the Fraud Enforcement and Recovery Act of 2009. The commission consisted of private citizens with expertise in economics and finance, banking, housing, market regulation, and consumer protection. They examined and reported on "the collapse of major financial institutions that failed or would have failed if not for exceptional assistance from the government."News Dissector DANNY SCHECHTER is a journalist, blogger and filmmaker. He has been reporting on economic crises since the 1980's when he was with ABC News. His film In Debt We Trust warned of the economic meltdown in 2006. He has since written three books on the subject including Plunder: Investigating Our Economic Calamity (Cosimo Books, 2008), and The Crime Of Our Time: Why Wall Street Is Not Too Big to Jail (Disinfo Books, 2011), a companion to his latest film Plunder The Crime Of Our Time. He can be reached online at www.newsdissector.com.
Download or read book Federal Interventions in Response to the Financial Crisis written by Alyssa G. Harrington and published by Nova Science Publishers. This book was released on 2016 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: In August 2007, asset-backed securities (ABS), particularly those backed by subprime mortgages, suddenly became illiquid and fell sharply in value as an unprecedented housing boom turned into a housing bust. Losses on the many ABS held by financial firms depleted their capital. Uncertainty about future losses on illiquid and complex assets led to firms having reduced access to private liquidity, sometimes catastrophically. In September 2008, the financial crisis reached panic proportions, with some large financial firms failing or having the government step in to prevent their failure. Initially, the government approach was largely ad hoc, addressing the problems at individual institutions on a case-by-case basis. The panic in September 2008 convinced policy makers that a system-wide approach was needed, and Congress created the Troubled Asset Relief Program (TARP) in October 2008. In addition to TARP, the Treasury, Federal Reserve (Fed) and Federal Deposit Insurance Corporation (FDIC) implemented broad lending and guarantee programs. The primary goal of the various interventions was to end the financial panic and restore normalcy to financial markets, rather than to make a profit for taxpayers. This book presents how much the programs ultimately cost (or benefited) the taxpayers based on straightforward cash accounting as reported by the various agencies. This book describes the various actions by the Federal Reserve to stabilise the financial markets and how those actions are likely to affect the federal budget in coming years. The book also presents estimates of the risk-adjusted (or fair-value) subsidies that the Federal Reserve provided to financial institutions through its emergency programs.
Download or read book CBO s 2011 Long Term Budget Outlook written by United States. Congress. House. Committee on the Budget and published by Government Printing Office. This book was released on 2011 with total page 110 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Global Financial Crisis written by Dick K. Nanto and published by DIANE Publishing. This book was released on 2009 with total page 127 pages. Available in PDF, EPUB and Kindle. Book excerpt: Contents: (1) Recent Developments and Analysis; (2) The Global Financial Crisis and U.S. Interests: Policy; Four Phases of the Global Financial Crisis; (3) New Challenges and Policy in Managing Financial Risk; (4) Origins, Contagion, and Risk; (5) Effects on Emerging Markets: Latin America; Russia and the Financial Crisis; (6) Effects on Europe and The European Response: The ¿European Framework for Action¿; The British Rescue Plan; Collapse of Iceland¿s Banking Sector; (7) Impact on Asia and the Asian Response: Asian Reserves and Their Impact; National Responses; (8) International Policy Issues: Bretton Woods II; G-20 Meetings; The International Monetary Fund; Changes in U.S. Reg¿s. and Regulatory Structure; (9) Legislation.
Download or read book Budget and Economic Outlook written by Christian Howlett and published by DIANE Publishing. This book was released on 2011 with total page 112 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is a print on demand edition of a hard to find publication. Contents: (1) The Budget Outlook: The Budget Deficit, Revenues, and Outlays in 2010; Baseline Budget Projections for 2011 to 2020; Budgetary Effects of Alternative Policy Actions; The Long-Term Budget Outlook; (2) The Economic Outlook: Factors Affecting the Pace of the Recovery; Labor Markets through 2014; Inflation Through 2014; Some Uncertainties in the Short-Term Economic Outlook; Output, Employment, and Inflation from 2015 Through 2020; Income from 2010 Through 2020; Comparison with the January 2010 Forecast; Comparison with Other Forecasts; (3) Changes in the Baseline Since March 2010; (4) A Comparison of various Baselines. Charts and tables.
Download or read book The Budget and Economic Outlook an Update written by and published by . This book was released on 2010 with total page 114 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book CBO s 2011 Long term Budget Outlook written by Joyce Manchester and published by DIANE Publishing. This book was released on 2011 with total page 108 pages. Available in PDF, EPUB and Kindle. Book excerpt: Presents projections of federal spending and revenues over the coming decades. Under current law, an aging population and rapidly rising health care costs will sharply increase federal spending for health care programs and Social Security. If revenues remained at their historical average share of gross domestic product (GDP), such spending growth would cause federal debt to grow to unsustainable levels. If policymakers are to put the federal government on a sustainable budgetary path, they will need to increase revenues substantially as a percentage of GDP, decrease spending significantly from projected levels, or adopt some combination of those two approaches. Charts and tables. This is a print on demand report.
Download or read book The AIG Rescue Its Impact on Markets and the Government s Exit Strategy June Oversight Report June 10 2010 written by and published by . This book was released on 2010 with total page 298 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Budgetary Impact of Fannie Mae and Freddie Mac written by Douglas W. Elmendorf and published by DIANE Publishing. This book was released on 2011 with total page 8 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is a print on demand edition of a hard to find publication. Provides an estimate of the budgetary impact of the activities of Fannie Mae and Freddie Mac (two gov¿t.-sponsored enterprises, or GSEs, that provide credit guarantees for more than half of the residential mortgages in the U.S.). This report also discusses alternative budgetary treatments for the GSEs, describes the usefulness of alternative treatments, and explains the rationale for the use of fair-value subsidy estimates for the GSEs in its baseline budget projections. Those fair-value estimates deviate from FCRA-based estimates in an important way: By incorporating a market-based risk premium associated with the GSEs¿ credit guarantees, they reflect the fact that the government¿s assumption of financial risk is costly to taxpayers.
Download or read book The Power and Independence of the Federal Reserve written by Peter Conti-Brown and published by Princeton University Press. This book was released on 2017-10-10 with total page 372 pages. Available in PDF, EPUB and Kindle. Book excerpt: An in-depth look at the history, leadership, and structure of the Federal Reserve Bank The independence of the Federal Reserve is considered a cornerstone of its identity, crucial for keeping monetary policy decisions free of electoral politics. But do we really understand what is meant by "Federal Reserve independence"? Using scores of examples from the Fed's rich history, The Power and Independence of the Federal Reserve shows that much common wisdom about the nation's central bank is inaccurate. Legal scholar and financial historian Peter Conti-Brown provides an in-depth look at the Fed's place in government, its internal governance structure, and its relationships to such individuals and groups as the president, Congress, economists, and bankers. Exploring how the Fed regulates the global economy and handles its own internal politics, and how the law does—and does not—define the Fed's power, Conti-Brown captures and clarifies the central bank's defining complexities. He examines the foundations of the Federal Reserve Act of 1913, which established a system of central banks, and the ways that subsequent generations have redefined the organization. Challenging the notion that the Fed Chair controls the organization as an all-powerful technocrat, he explains how institutions and individuals—within and outside of government—shape Fed policy. Conti-Brown demonstrates that the evolving mission of the Fed—including systemic risk regulation, wider bank supervision, and as a guardian against inflation and deflation—requires a reevaluation of the very way the nation's central bank is structured. Investigating how the Fed influences and is influenced by ideologies, personalities, law, and history, The Power and Independence of the Federal Reserve offers a uniquely clear and timely picture of one of the most important institutions in the United States and the world.
Download or read book TARP Oversight written by United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs and published by . This book was released on 2011 with total page 684 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Report on the Activities of the Committee on Banking Housing and Urban Affairs of the United States Senate During the Congress Pursuant to Rule XXVI of the Standing Rules of the United States Senate written by United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs and published by . This book was released on 2011 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt:
