Toxic Asset Subsidies and the Early Redemption of TALF Loans
This paper develops a formula to numerically estimate the unsubsidized, fair-market value of the toxic assets purchased with Federal Reserve loans. It finds that subsidy rates on these loans were on average 33.9 percent at origination. In contrast, by the 3rd quarter of the 2010, there was on averag...
Kaydedildi:
| Yazar: | |
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| Materyal Türü: | Artigo |
| Dil: | Inglês |
| Baskı/Yayın Bilgisi: |
MDPI AG
2022-03-01
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| Seri Bilgileri: | International Journal of Financial Studies |
| Konular: | |
| Online Erişim: | https://www.mdpi.com/2227-7072/10/2/23 |
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