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No Substitute for the "P" Word in Financial Rescue

Author

Listed:
  • Ausubel Lawrence M
  • Cramton Peter

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

  • Ausubel Lawrence M & Cramton Peter, 2009. "No Substitute for the "P" Word in Financial Rescue," The Economists' Voice, De Gruyter, vol. 6(2), pages 1-3, February.
  • Handle: RePEc:bpj:evoice:v:6:y:2009:i:2:n:2
    DOI: 10.2202/1553-3832.1531
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    Cited by:

    1. Thomas Philippon & Vasiliki Skreta, 2012. "Optimal Interventions in Markets with Adverse Selection," American Economic Review, American Economic Association, vol. 102(1), pages 1-28, February.
    2. Thomas Philippon & Philipp Schnabl, 2013. "Efficient Recapitalization," Journal of Finance, American Finance Association, vol. 68(1), pages 1-42, February.
    3. Philippon, Thomas & Schnabl, Philipp, 2011. "Informational Rents, Macroeconomic Rents, and Efficient Bailouts," CEPR Discussion Papers 8216, C.E.P.R. Discussion Papers.

    More about this item

    JEL classification:

    • D44 - Microeconomics - - Market Structure, Pricing, and Design - - - Auctions
    • G01 - Financial Economics - - General - - - Financial Crises
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages

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