..., in turn, led to a severe downturn in economic activity in these countries that spilled over to other countries around the world. As governments in the developed countries attempted to restore economic growth through bailouts of banks and other simulative fiscal actions, national deficits began rising...

... for stocks are shown in Figure 1 . © Emerald Group Publishing Limited 2011 United States of America Fiscal policy Bailout Geometric Brownian motion Citigroup Demand curves Secondary offerings TARP The US Treasury began pre‐announced, at‐the‐market sales of Citigroup shares on 26...