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Article
No Substitute for the "P" Word in Financial Rescue
The Economists' Voice (2009)
  • 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.

Keywords
  • financial rescue,
  • reverse auction,
  • auction,
  • TARP
Publication Date
February 11, 2009
Citation Information
Lawrence M Ausubel and Peter Cramton. "No Substitute for the "P" Word in Financial Rescue" The Economists' Voice Vol. 6 Iss. 2 (2009)
Available at: http://works.bepress.com/cramton/6/