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A Better Plan for Addressing the Financial Crisis
(Berkeley Electronic Press, 2008)
This paper critiques the proposed emergency legislation for spending $700 billion on purchasing financial firms' troubled assets to address the 2008 financial crisis. It also puts forward a superior alternative for advancing ...
A Plan for Addressing the Financial Crisis
(Harvard John M. Olin Center for Law, Economics, and Business, 2008)
This paper critiques the proposed emergency legislation for
spending $700 billion on purchasing financial firms’ troubled assets to
address the 2008 financial crisis. It also puts forward a superior
alternative for ...
Unfreezing Credit Markets
(Harvard John M. Olin Center, 2008)
Despite the large infusion of capital into the financial sector and low interest rates, the flow of financing to operating firms has failed to return to normal levels. One explanation suggested is that banks still lack ...