TARP
New Palgrave Dictionary of Economics Online, Forthcoming
25 Pages Posted: 20 Oct 2012
Date Written: October 19, 2012
Abstract
The Troubled Asset Relief Program (TARP), or the $700 billion bailout, has been the subject of much academic interest. Here the rigorous studies on the programs of this massive intervention into the financial sector are reviewed. While considerable work has been done on the bank bailouts in the TARP, the troubled asset programs, automotive rescues, homeowner assistance programs, and ad hoc bailouts have not been subjected to much theoretical modeling or empirical research.
Keywords: AIG, Ally Financial, bailout, banks, bankruptcy, CPP, CEO pay, Chrysler, CMBS, Federal Reserve, financial crisis, foreclosure, GM, Goldman Sachs, Hank Paulson, HAMP, mortgage modification, PPIP, preferred stock, RMBS, TARP, TALF, toxic asset, Troubled Asset Relief Program, U.S. Treasury
JEL Classification: C54, C63, C7, G01, G1, G2, G3, H12, H25, H81
Suggested Citation: Suggested Citation
