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How big banks fail and what to do about it

Author: Darrell Duffie
Publisher: Princeton, N.J. : Princeton University Press, ©2011.
Edition/Format:   Book : EnglishView all editions and formats
Database:WorldCat
Summary:
In sharp, clinical detail, Darrell Duffle walks readers step-by-step through the mechanics of large-bank failures. He identifies where the cracks first appear when a dealer bank is weakened by severe trading losses, and demonstrates how the bank's relationships with its customers and business partners abruptly change when its solvency is threatened. As others seek to reduce their exposure to the dealer bank, the  Read more...
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Document Type: Book
All Authors / Contributors: Darrell Duffie
ISBN: 9780691148854 0691148856
OCLC Number: 656556202
Description: xiii, 91 pages : illustrations ; 23 cm
Contents: Introduction --
What is a dealer bank? --
Failure mechanisms --
Recapitalizing a weak bank --
Improving regulations and market infrastructure --
Appendix: Central clearing of derivatives.
Responsibility: Darrell Duffie.

Abstract:

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  Read more...

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"[T]his volume will give readers a deeper understanding of how modern banking works."--Choice "There are precious few manuals on global finance. To be sure, there are enough leaden textbooks and Read more...

 
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