Document Type
Case Study
Case Series
Guarantees and Capital Infusions in Response to Financial Crises
JEL Codes
G01, G28
Abstract
During 2008-09, the federal government extended multiple guarantee programs in an effort to restore the financial market and contain the panic and crisis in the market. For example, the Treasury provided a temporary guarantee program for the money market funds, the FDIC decided to stand behind certain debts and non-interest-bearing transaction accounts, and the Treasury, the FDIC, and the Federal Reserve agreed to share losses in certain assets belonging to Citigroup. This case reviews these guarantee programs implemented during the global financial crisis by the government and explores the different rationale that shaped certain design features of each program.
Recommended Citation
Rhee, June and Metrick, Andrew
(2020)
"Guarantees and Capital Infusions in Response to Financial Crises B: U.S. Guarantees During the Global Financial Crisis,"
Journal of Financial Crises: Vol. 2
:
Iss. 1, 51-68.
Available at:
https://elischolar.library.yale.edu/journal-of-financial-crises/vol2/iss1/4
Date Revised
2020-04-17
Included in
Administrative Law Commons, Banking and Finance Law Commons, Bankruptcy Law Commons, Corporate Finance Commons, Economic History Commons, Economic Policy Commons, Finance Commons, Finance and Financial Management Commons, Law and Politics Commons, Macroeconomics Commons, Policy Design, Analysis, and Evaluation Commons, Policy History, Theory, and Methods Commons, Public Affairs Commons, Public Policy Commons