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The Asset-Backed Securities Markets, the Crisis, and TALFSumit AgarwalNational University of Singapore Jacqueline Barrettaffiliation not provided to SSRN Crystal Cunaffiliation not provided to SSRN Mariacristina De NardiFederal Reserve Bank of Chicago; National Bureau of Economic Research (NBER) - Public Economics December 16, 2010 Economic Perspectives, Vol. 34, No. 4, 2010 FRB of Chicago Working Paper Abstract: In response to recessions beginning in 1973, 2001, and 2007, the federal government provided financial aid to states, with the dual goals of stabilizing state finances and stimulating the economy. The timing of fund provision and the ultimate allocation of funds were often less than optimal. The authors look at how to design a more effective process for starting and stopping state aid.
Number of Pages in PDF File: 15 Keywords: securitization, credit crises, TALF Accepted Paper SeriesDate posted: December 18, 2010Suggested CitationContact Information
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