TARP and Other Bank Bailouts and Bail-Ins around the World: Connecting Wall Street, Main Street, and the Financial System sheds light on whether bailing out Wall Street really saves Main Street or the financial system. The book discusses whether or not bailouts are good for the economy and if it is essential to save failing financial institutions by putting taxpayer money at risk. Through careful analysis, the book compares the short-run effects of bailouts to long-term consequences, emphasizing the moral hazard behavior caused by bailouts at different levels and for different agents. Placing particular emphasis on one of the biggest bailouts of all time, the Troubled Asset Relief Program (TARP), this book covers all bases.

Book Information
ISBN 9780128138649
Author Allen N. Berger
Format Paperback
Page Count 300
Imprint Academic Press Inc
Publisher Elsevier Science Publishing Co Inc