Publication

No Substitute for the 'P'-Word in Financial Rescue

Lawrence M. Ausubel and Peter Cramton , The Economists' Voice 6(2) , February 2009.
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.

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