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Most Downloaded Articles
- Occupy Wall Street and the Political Economy of Inequality by Dube, Arindrajit and Kaplan, Ethan
- The Cost of Job Loss in the Great Recession: How Bad Has it Been? by Farber, Henry S.
- Stimulating the Economy in an Era of Debt and Deficit by Stiglitz, Joseph E.
- The Gender Pay Gap by Blau, Francine D and Kahn, Lawrence M
- Investment Banking Regulation After Bear Stearns by Jaffee, Dwight M. and Perlow, Mark
Making Sense of the Aggregator Bank
Citation Information: The Economists' Voice. Volume 6, Issue 3, Pages –, ISSN (Online) 1553-3832, DOI: 10.2202/1553-3832.1537, February 2009
- Published Online:
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.