Explaining the decline in the auction rate securities market
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.
File(s): File format is application/pdf http://www.chicagofed.org/digital_assets/publications/chicago_fed_letter/2008/cflnovember2008_256.pdf
Provider: Federal Reserve Bank of Chicago
Part of Series: Chicago Fed Letter
Publication Date: 2008
Order Number: 256