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BANK LOANS (2) answer(s).
 
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ID:   126733


Coincidence of interests: Kennedy, U.S. assistance, and the 1963 Iraqi Ba'th regime / Jacobsen, Eric   Journal Article
Jacobsen, Eric Journal Article
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Publication 2013.
Summary/Abstract This article will demonstrate that in 1963 the administration of President Kennedy helped create a Ba'th regime in Iraq and then provided it with assistance in order to secure U.S. interests, including access to oil and the containment of both Communism and Arab nationalism. On February 8, 1963, the Ba'th overthrew the dictatorship of General 'Abd-ul-Karim Qasim, an Iraqi nationalist who was seen by both the Eisenhower and Kennedy administrations as a threat to U.S. interests. U.S. policy makers provided the Ba'th regime with military and economic assistance, including sales of military equipment, credits for agricultural surpluses for credit under Public Law 480, and Export-Import Bank loans. Policy makers also encouraged private U.S. businesses to sign contracts with Iraq, supplied the Ba'th regime with ammunition to use against Kurdish rebels, used the Central Intelligence Agency to provide it military equipment, and ignored the Export-Import Bank's policy that prohibited financing arms sales.
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ID:   147423


Is the US quantitative easing more effective than China's? a second thought / Deng, Kaihua; Todd, Walker   Journal Article
Deng, Kaihua Journal Article
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Summary/Abstract We study the balance sheet of the People's Bank of China and the Federal Reserve Bank in a historical context and analyze whether the recent round of global expansionary monetary policy has been effective in achieving its desired economic effects. In particular, we focus on the roles played by excess reserves, monetary aggregates and financing to the real economy and highlight the tension between a liquid financial sector and an illiquid real sector. We show that, while both China and the US have followed reserve-driven growth strategies, the compositions and relative sizes of these quantities are quite different. In relative terms, excess reserves and lackluster corporate lending constitute a big problem for the US, whereas for China the pertinent question is how to further mobilize funds tied up in the real estate and stock market. We provide some thoughts on possible solutions to the current policy dilemma at the end.
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