Showing posts with label bailout. Show all posts
Showing posts with label bailout. Show all posts
Tuesday, March 10, 2009

Financial market design: the view from the Fed

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Fed chairman Ben Bernanke, in a speech today (March 10) to the Council on Foreign Relations, after speaking of immediate steps to bail out f...
Saturday, February 14, 2009

TARP II

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Lucian Bebchuk , the eminent law-and-economics lawyer/economist best known for his work on corporate governance , has just distributed a pap...
Wednesday, November 12, 2008

Treasury abandons plans for reverse auction to purchase troubled assets

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The Treasury announced today what had already become clear, which is that it has abandoned the initial plan to purchase troubled assets, in ...
Saturday, November 8, 2008

Academic marketplace

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Tough Times Strain Colleges Rich and Poor "“Budget cuts mean that campuses won’t be able to fill faculty vacancies, that the student-fa...
Saturday, November 1, 2008

The Federal Reserve’s Term Auction Facility

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As the credit crisis unfolded, the Fed prepared to auction funds to banks. Among other design features (such as how expressive a bidding lan...
Wednesday, October 22, 2008

Emergency Economic Stabilization Act of 2008 --market mechanisms

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The bailout bill is pretty terse on the details of market design: here's the relevant section of H.R.1424, part b,SEC. 113. MINIMIZATION...
Thursday, October 16, 2008

Experiments in market design: financial bailout

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NPR has followed up their earlier coverage of the Ausubel-Cramton reverse auction proposal with a brief story reporting on some experiments...
Wednesday, October 15, 2008

Market design that you can't refuse: Treasury switches to equity

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The NY Times reports that the latest change of direction in the financial bailout was presented as an ultimatum by the Treasury to big banks...
Friday, October 10, 2008

Market for economic advice (market failure)

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This morning Peter Cramton and Larry Ausubel were on NPR talking about their reverse auction proposal , and The Chronicle of Higher Educatio...
Thursday, October 2, 2008

The credit crisis: anatomy of a market failure

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The NY Times reports on 36 Hours of Alarm and Action as Crisis Spiraled . "...But contagion was already spreading. The problem posed by...
Wednesday, October 1, 2008

Auction design for bailout by treasury--Ausubel and Cramton

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Peter Cramton writes: Dear Al, Here is the longer version of my paper with Larry Ausubel on possible details of a troubled asset reverse auc...
Friday, September 26, 2008

Auction design for bailout by treasury

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Peter Cramton and Larry Ausubul weigh in, in "Auction Design Critical for Rescue Plan" in The Economists' Voice "An aucti...
Thursday, September 25, 2008

Repugnance and the financial bailout

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There are lots of important market design issues being debated on-the-fly regarding the bailout of financial institutions. I am not surprise...
Tuesday, September 23, 2008

Design of the bailout

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The demand for market designers: " Paulson, while seeking maximum flexibility, said the Treasury is considering doing auctions one asse...