IDEAS home Printed from https://ideas.repec.org/h/pal/palchp/978-0-230-32135-9_4.html
   My bibliography  Save this book chapter

Conditional Containment

In: Crisis: Cause, Containment and Cure

Author

Listed:
  • Thomas F. Huertas

Abstract

The financial crisis started whilst the real economy was still showing vibrant growth, and growth continued for some time after the crisis started. So 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 rates relatively high in order to counter incipient inflation. Containment of the crisis centred on restructuring the so-called shadow banking system, recapitalising financial institutions, resolving particular institutions, and on limiting contagion to the rest of the financial system.

Suggested Citation

  • Thomas F. Huertas, 2011. "Conditional Containment," Palgrave Macmillan Books, in: Crisis: Cause, Containment and Cure, edition 2, chapter 3, pages 43-65, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-32135-9_4
    DOI: 10.1057/9780230321359_4
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:palchp:978-0-230-32135-9_4. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.