Alan Greenspan's miracle cure
Article Abstract:
The US Federal Reserve cut interest rates as an emergency measure on Oct 15 1998, and this has made global financial markets more optimistic. The aim was to tackle a liquidity crisis in capital markets linked to a move away from risk by investment banks. The interest rate cut has brought some improvement, but conditions continue to be difficult. Confidence may be eroded if the US does not reduce interest rates further. Interest rate reductions cannot solve problems in financial markets on their own, and they can lead to further problems if they encourage stock price inflation.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 1998
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Greenspan to the rescue
Article Abstract:
US interest rate policy, and the performance of Federal Reserve chairman, Alan Greenspan, are examined in detail.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 2001
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Greenspan's big surprise
Article Abstract:
Alan Greenspan's decision to reduce US interest rates in Jan 2001 is examined in detail.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 2001
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