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No Substitute for the "P" Word in Financial Rescue

Lawrence M. Ausubel, University of Maryland
Peter Cramton, University of Maryland

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.

Suggested Citation

Lawrence M. Ausubel and Peter Cramton. "No Substitute for the "P" Word in Financial Rescue" The Economists' Voice 6.2 (2009).
Available at: http://works.bepress.com/cramton/6

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