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Journal article

Central bank liquidity and “toxic asset” auctions.

Abstract:
The crisis set policymakers scrambling for appropriate mechanisms to respond to financial turmoil. This column proposes a new auction design that can be used for toxic asset purchases and central bank liquidity auctions in a credit crunch.

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Journal:
VoxEU
Publication date:
2009-09-25
URN:
uuid:f5b46570-1194-4c8f-9439-595eda6de654
Local pid:
oai:economics.ouls.ox.ac.uk:14329
Language:
English

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