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Making Sense of the Aggregator Bank
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Lawrence M Ausubel
Published/Copyright:
February 11, 2009
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.
Published Online: 2009-2-11
©2011 Walter de Gruyter GmbH & Co. KG, Berlin/Boston
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Articles in the same Issue
- Column
- And a Little Child Shall Lead Them--Economic Recovery in 3 Easy Steps
- Making Sense of the Aggregator Bank
- In Praise of More Primitive Finance
- Letter
- Letter: Are Stocks the Best Investment for the Long Run?
- Letter: Regarding Voting for Charity's Sake
- Letter: Reinstating the Rational Voter
- Letter: Is There Research Economist Support for the Stimulus Bill?
- Letter: Comment on Glaeser and Gyourko
