How big banks fail and what to do about it /
Duffie, Darrell
How big banks fail and what to do about it / Darrell Duffie. - 1 online resource (xiii, 91 pages).
Introduction -- What is a dealer bank? -- Failure mechanisms -- Recapitalizing a weak bank -- Improving regulations and market infrastructure -- Appendix: Central clearing of derivatives.
Dealer banks--that is, large banks that deal in securities and derivatives, such as J. P. Morgan and Goldman Sachs--are of a size and complexity that sharply distinguish them from typical commercial banks. When they fail, as we saw in the global financial crisis, they pose significant risks to our financial system and the world economy. How Big Banks Fail and What to Do about It examines how these banks collapse and how we can prevent the need to bail them out. In sharp, clinical detail, Darrell Duffie walks readers step-by-step through the mechanics of large-bank failures. H
9781400836994 (eBook) 9780691148854 (hardcover)
Financial crises
Bank failures--United States.
Bank failures--Prevention.
Bank failures
Electronic books.
HG1573 / .D84 2011
How big banks fail and what to do about it / Darrell Duffie. - 1 online resource (xiii, 91 pages).
Introduction -- What is a dealer bank? -- Failure mechanisms -- Recapitalizing a weak bank -- Improving regulations and market infrastructure -- Appendix: Central clearing of derivatives.
Dealer banks--that is, large banks that deal in securities and derivatives, such as J. P. Morgan and Goldman Sachs--are of a size and complexity that sharply distinguish them from typical commercial banks. When they fail, as we saw in the global financial crisis, they pose significant risks to our financial system and the world economy. How Big Banks Fail and What to Do about It examines how these banks collapse and how we can prevent the need to bail them out. In sharp, clinical detail, Darrell Duffie walks readers step-by-step through the mechanics of large-bank failures. H
9781400836994 (eBook) 9780691148854 (hardcover)
Financial crises
Bank failures--United States.
Bank failures--Prevention.
Bank failures
Electronic books.
HG1573 / .D84 2011
