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Article
Making Sense of the Aggregator Bank
The Economists' Voice (2009)
  • Lawrence M Ausubel, University of Maryland
  • Peter Cramton, University of Maryland
Abstract

On Tuesday, 10 February 2009, Treasury Secretary Geithner proposed the aggregator bank ("public-private investment fund") as a key instrument to resolve the financial crisis. He left out many details, so Lawrence Ausubel and Peter Cramton explain how an aggregator bank might operate in practice, and argue that with proper design, such a bank could be better than TARP.

Keywords
  • financial stability plan,
  • financial crisis,
  • aggregator bank,
  • TARP,
  • reverse auction
Publication Date
February 11, 2009
Citation Information
Lawrence M Ausubel and Peter Cramton. "Making Sense of the Aggregator Bank" The Economists' Voice Vol. 6 Iss. 3 (2009)
Available at: http://works.bepress.com/cramton/5/