Professor Ball in New York Times

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A recent 214-page paper by Professor Laurence Ball entitled “The Fed and Lehman Brothers” was discussed in a New York Times article. It says “a widely respected academic – Laurence M. Ball, chairman of the economics department at Johns Hopkins University and author of “Money, Banking and Financial Markets” – has produced the most comprehensive and persuasive argument yet that the Federal Reserve could have saved Lehman from the precipitous and chaotic bankruptcy.” This article is also mentioned in the blog of Harvard Professor, Gregory Mankiw.