In: Economic Issues, Problems and Perspectives
Intro -- GOVERNMENT INTERVENTIONS IN ECONOMIC EMERGENCIES -- GOVERNMENT INTERVENTIONS IN ECONOMIC EMERGENCIES -- CONTENTS -- PREFACE -- AUCTION BASICS: BACKGROUND FOR ASSESSING PROPOSED TREASURY PURCHASES OF MORTGAGE-BACKED SECURITIES -- SUMMARY -- DUTCH AUCTIONS AND REVERSE DUTCH AUCTIONS -- Quality Differences of Troubled Assets Presents Challenges for Auctions -- Adverse Selection and Firms' Asset Holdings -- Reputational Issues and Participation -- Sequencing Issues -- Will Auctions Unlock Credit Markets? -- Costs and Risks to Taxpayers -- AUCTION DESIGN -- Single-Unit Auctions -- Why are Treasury Auctions Called Dutch Auctions? -- Imperfect Information: Common Values and the Winner's Curse -- Revenue Equivalence -- Multiple-Unit Auctions -- Manipulation and Demand-Reduction Strategies -- Complementarities -- Dutch Auctions with Multiple Units -- Uniform-Price vs. Individual Price Auctions -- End Notes -- BANKING AND SECURITIES REGULATION AND AGENCY ENFORCEMENT AUTHORITIES -- SUMMARY -- BACKGROUND -- AN OVERVIEW OF BANKING AND SECURITIES REGULATION -- Banking -- Securities -- MAJOR ENFORCEMENT-RELATED STATUTES -- Banking -- Securities -- ORGANIZATION OF ENFORCEMENT PROGRAMS -- Banking -- Securities -- COMPARISON OF ENFORCEMENT AND COMPLIANCE TOOLS -- FOR FURTHER READING -- End Notes -- BEAR STEARNS: CRISIS AND "RESCUE" FOR A MAJOR PROVIDER OF MORTGAGE-RELATED PRODUCTS -- SUMMARY -- INTRODUCTION -- BACKGROUND ON BEAR STEARNS -- MORTGAGE-BACKED SECURITIES -- BEAR STEARNS AND THE INITIAL FED "RESCUE" -- JP MORGAN INITIALLY AGREES TO ACQUIRE BEAR STEARNS WITH FED ASSISTANCE -- THE AMENDED BUYOUT OFFER -- THE ALTERED TERMS FOR THE FED AND THE DEBATE OVER MORAL HAZARD AND SYSTEMIC RISK -- RELATED CONGRESSIONAL CONCERNS -- End Notes -- CONTAINING FINANCIAL CRISIS -- SUMMARY -- INTRODUCTION -- THE UNDERLYING FINANCIAL PROBLEMS.
In: Economic issues, problems and perspectives series
In: Economic issues problems and perspectives series
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