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Home>Valuing the Government Guarantee

Valuing the Government Guarantee

Perspectives Content Submission

Tue, 5 Oct 2010

What is the value of a United States government guarantee? It’s not often you get to answer a question with such import or significance. But for economists Robert McDonald and Deborah Lucas, it’s an academic matter. One of their latest collaborations has produced an estimate of the until-recently-i
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