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The economic impact of the Troubled Assets Relief Programme (TARP) in the USA: an assessment of the level to which an optimal allocation of funds occurred
Southern African Business Review
View Archive Info| Field | Value | |
| Title |
The economic impact of the Troubled Assets Relief Programme (TARP) in the USA: an assessment of the level to which an optimal allocation of funds occurred
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| Creator |
van Aardt, CJ
Naidoo, GP |
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| Subject |
bailout, competitiveness, input-output analysis, economic impact assessment, Troubled Assets Relief Programme (TARP)
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| Description |
The 2009 international fi nancial crisis has led to many countries,including the USA, bailing out their fi nancial institutions. Thisarticle provides a unique perspective of the bailout issue by lookingat the impact of the quantitative easing in monetary policy oncompetitiveness as well as providing multiplier impacts through theuse of the US 2002 I-O table. Specifi cally, three areas are consideredwithin this model: whether the Troubled Assets Relief Programme(TARP)1 bailout will give rise to greater economic effi ciencies andproductivity, which would include determining whether the TARPbailouts give rise to the survival of fi nancial institutions and thestabilisation of the fi nancial sector; determining the direct, indirectand induced impacts of the TARP bailout on the economy (shortterm);and determining the long-term benefi ts of the TARP 1 bailouton the economy (by focusing on long-term capital realisation). Thefi ndings of this econometric analysis raise questions of the validityof government intervention in the form of bailouts.
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| Publisher |
College of Economic and Management Sciences (UNISA)
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| Contributor |
—
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| Date |
2012-05-11
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion Peer-reviewed Article |
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| Format |
application/pdf
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| Identifier |
https://www.ajol.info/index.php/sabr/article/view/76368
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| Source |
Southern African Business Review; Vol 14, No 2 (2010)
1998-8125 1561-896X |
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| Language |
eng
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| Relation |
https://www.ajol.info/index.php/sabr/article/view/76368/66825
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| Rights |
Copyright on articles is retained by the author(s). The editor and reviewers of SABR cannot accept any responsibility for the infringement of authors' rights or copyright.
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