No Substitute for the 'P'-Word in Financial Rescue
Lawrence M. Ausubel and Peter Cramton
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The Economists' Voice
February
2009
ausubel-cramton-p-word.pdf143.96 KB
Abstract
Fears of pricing troubled assets have needlessly stalled the rescue effort, according to Lawrence Ausubel and Peter Cramton, two market-design economists whose work on TARP has received the attention of the Treasury and policy makers.
