Buchbeitrag
Redistribution through the Geithner Plan
Appropriate policies to address the problem of toxic assets should act as automatic stabilizers, so that institutions who toxic assets turn out to be worthless receive more public support than institutions whose toxic assets have value. Furthermore, such policies should be frugal in their demands on the taxpayer. In the context of a simple illustrative toxic asset, the paper shows that the Geithner Plan fulfills neither of these desiderata. The plan is extremely wasteful when banks need only modest bailouts; when they need large bailouts, the plan is ineffective.
- Sprache
-
Englisch
- Erschienen in
-
In: The crisis and beyond ; Year: 2009 ; Pages: 19-23 ; Ed(s).: Klodt, Henning ; Lehment, Harmen ; Kiel: Kiel Institute for the World Economy
- Klassifikation
-
Wirtschaft
- Thema
-
Bankenkrise
Staatliche Einflussnahme
Notleidende Kredite
Bad Bank
Kritik
USA
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Snower, Dennis J.
- Ereignis
-
Veröffentlichung
- (wer)
-
Kiel Institute for the World Economy
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften, Leibniz-Informationszentrum Wirtschaft
- (wo)
-
Kiel
- (wann)
-
2009
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
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ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Buchbeitrag
Beteiligte
- Snower, Dennis J.
- Kiel Institute for the World Economy
- ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften, Leibniz-Informationszentrum Wirtschaft
Entstanden
- 2009
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