Abstract
In September and October 2008 a lot of damage was done to market confidence. Bankers, traders, politicians, and government officials were telling everyone who would listen that the financial system was falling apart and the economy at large, at the edge of the precipice, could be saved only through massive injections of capital out of the public purse. But it was not difficult to perceive the lack of any precise plan on how to achieve a turnaround.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
Notes
David March, The Bundesbank. The Bank That Rules Europe, Heinemann, London, 1992.
D.N. Chorafas, Stress Testing for Risk Control Under Basel II, Elsevier, London and Boston, 2007.
Author information
Authors and Affiliations
Copyright information
© 2009 Dimitris N. Chorafas
About this chapter
Cite this chapter
Chorafas, D.N. (2009). Trillions of Dollars, Euros, and Pounds Thrown at the Problem. In: Capitalism Without Capital. Palgrave Macmillan Studies in Banking and Financial Institutions. Palgrave Macmillan, London. https://doi.org/10.1057/9780230251021_10
Download citation
DOI: https://doi.org/10.1057/9780230251021_10
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-31345-7
Online ISBN: 978-0-230-25102-1
eBook Packages: Palgrave Economics & Finance CollectionEconomics and Finance (R0)