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Essay / Research Paper Abstract
This 20 page paper looks at the interventions that were taken by government following the credit crush and recession that started in 2008 in order to assess of the strategies whether they were needed and whether they were the right types of strategies. This is examined n the context of economic theory and the ideas Adam Smith. The bibliography cites 25 sources.
Page Count:
20 pages (~225 words per page)
File: TS14_TEcredit08.rtf
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Unformatted sample text from the term paper:
and many governments all over the world chose to follow similar policies on intervention, bailing out banks with loans, in many cases eventually nationalizing them as well as intervening in
the markets with monetary policies design to increase liquidity to support lending and aid with a recovery from the recession. The level of intervention has been greater than any intervention
of the past, partly as a result of the expansion of the of the financial markets, and partly as a result of the scale of the problem, which despite early
warning signs many years before, had been allowed to escalate due to the political difficulties of dealing with the issues. The difficultly is knowing whether or not the governments have
done the right thing, or even whether or not they had any real choice. There is little doubt that had there been no intervention that the short term problems would
have been enormous, with a harsh financial and social cost, as well as a high political cost to any governments in power. However, there have been views expressed that the
measures taken have been too great, and even that the measures taken have not focused on the causes of the problem with a lack of legislative intervention and a general
view by many that those who caused the problems; the senior executives of banks that allowed the subprime market to spiral, are not being held to account for the actions.
In order to assess whether government have made a good decision to intervene the events themselves need to be reviewed and then the actions that have been taken considered
with reference to economic theory as well as past similar events. This will provide a context for assessment. Ironically, it is an assessment that can only be speculative, the recession
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