Class notes - Hammer time - The approval by the US Congress of a $700 billion rescue package in October has paved the way for the US Treasury to purchase illiquid assets from banks' balance sheets. The question is: How will these assets be valued? In this month's Class Notes article, Risk examines existing auction processes, and weighs up the advantages and disadvantages of each.
| Year of publication: |
2008
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| Authors: | Smithson, Charles |
| Published in: |
Risk : managing risk in the world's financial markets. - London : Incisive Financial Publ, ISSN 0952-8776, ZDB-ID 10494753. - Vol. 21.2008, 11, p. 69-71
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