Ausubel, Lawrence; Cramton, Peter - In: The Economists' Voice 6 (2009) 3, pp. 2-2
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,...
