Explaining the decline in the auction rate securities market

Adrian D'Silva, Haley Gregg and David Marshall

Chicago Fed Letter, 2008, issue Nov, No 256

Abstract: Auction rate securities are an example of a relatively obscure financial market instrument that has been caught up in the recent negative sentiment affecting the financial markets. This article examines these securities and sheds some light on recent events.

Keywords: Securities; Auctions; Financial markets (search for similar items in EconPapers)
Date: 2008
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