How Big Banks Fail and What to Do about It / / Darrell Duffie.
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 f...
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Place / Publishing House: | Princeton, NJ : : Princeton University Press, , [2010] ©2011 |
Year of Publication: | 2010 |
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Duffie, Darrell, author. aut http://id.loc.gov/vocabulary/relators/aut How Big Banks Fail and What to Do about It / Darrell Duffie. Course Book Princeton, NJ : Princeton University Press, [2010] ©2011 1 online resource (112 p.) : 13 line illus. 2 tables. text txt rdacontent computer c rdamedia online resource cr rdacarrier text file PDF rda Frontmatter -- Contents -- Figures and Tables -- Preface -- CHAPTER ONE. Introduction -- CHAPTER TWO. What Is a Dealer Bank? -- CHAPTER THREE. Failure Mechanisms -- CHAPTER FOUR. Recapitalizing a Weak Bank -- CHAPTER FIVE. Improving Regulations and Market Infrastructure -- APPENDIX. Central Clearing of Derivatives -- Notes -- Bibliography -- Index restricted access http://purl.org/coar/access_right/c_16ec online access with authorization star 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. 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 bank is forced to signal its strength by using up its slim stock of remaining liquid capital. Duffie shows how the key mechanisms in a dealer bank's collapse--such as Lehman Brothers' failure in 2008--derive from special institutional frameworks and regulations that influence the flight of short-term secured creditors, hedge-fund clients, derivatives counterparties, and most devastatingly, the loss of clearing and settlement services. How Big Banks Fail and What to Do about It reveals why today's regulatory and institutional frameworks for mitigating large-bank failures don't address the special risks to our financial system that are posed by dealer banks, and outlines the improvements in regulations and market institutions that are needed to address these systemic risks. Issued also in print. Mode of access: Internet via World Wide Web. In English. Description based on online resource; title from PDF title page (publisher's Web site, viewed 30. Aug 2021) Bank failures Prevention. Bank failures United States. Bank failures. Financial crises. BUSINESS & ECONOMICS / Banks & Banking. bisacsh Title is part of eBook package: De Gruyter Princeton University Press eBook-Package Backlist 2000-2013 9783110442502 print 9780691148854 https://doi.org/10.1515/9781400836994 https://www.degruyter.com/isbn/9781400836994 Cover https://www.degruyter.com/cover/covers/9781400836994.jpg |
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English |
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Duffie, Darrell, Duffie, Darrell, |
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Duffie, Darrell, Duffie, Darrell, How Big Banks Fail and What to Do about It / Frontmatter -- Contents -- Figures and Tables -- Preface -- CHAPTER ONE. Introduction -- CHAPTER TWO. What Is a Dealer Bank? -- CHAPTER THREE. Failure Mechanisms -- CHAPTER FOUR. Recapitalizing a Weak Bank -- CHAPTER FIVE. Improving Regulations and Market Infrastructure -- APPENDIX. Central Clearing of Derivatives -- Notes -- Bibliography -- Index |
author_facet |
Duffie, Darrell, Duffie, Darrell, |
author_variant |
d d dd d d dd |
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VerfasserIn VerfasserIn |
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Duffie, Darrell, |
title |
How Big Banks Fail and What to Do about It / |
title_full |
How Big Banks Fail and What to Do about It / Darrell Duffie. |
title_fullStr |
How Big Banks Fail and What to Do about It / Darrell Duffie. |
title_full_unstemmed |
How Big Banks Fail and What to Do about It / Darrell Duffie. |
title_auth |
How Big Banks Fail and What to Do about It / |
title_alt |
Frontmatter -- Contents -- Figures and Tables -- Preface -- CHAPTER ONE. Introduction -- CHAPTER TWO. What Is a Dealer Bank? -- CHAPTER THREE. Failure Mechanisms -- CHAPTER FOUR. Recapitalizing a Weak Bank -- CHAPTER FIVE. Improving Regulations and Market Infrastructure -- APPENDIX. Central Clearing of Derivatives -- Notes -- Bibliography -- Index |
title_new |
How Big Banks Fail and What to Do about It / |
title_sort |
how big banks fail and what to do about it / |
publisher |
Princeton University Press, |
publishDate |
2010 |
physical |
1 online resource (112 p.) : 13 line illus. 2 tables. Issued also in print. |
edition |
Course Book |
contents |
Frontmatter -- Contents -- Figures and Tables -- Preface -- CHAPTER ONE. Introduction -- CHAPTER TWO. What Is a Dealer Bank? -- CHAPTER THREE. Failure Mechanisms -- CHAPTER FOUR. Recapitalizing a Weak Bank -- CHAPTER FIVE. Improving Regulations and Market Infrastructure -- APPENDIX. Central Clearing of Derivatives -- Notes -- Bibliography -- Index |
isbn |
9781400836994 9783110442502 9780691148854 |
callnumber-first |
H - Social Science |
callnumber-subject |
HG - Finance |
callnumber-label |
HG1573 |
callnumber-sort |
HG 41573 |
geographic_facet |
Prevention. United States. |
url |
https://doi.org/10.1515/9781400836994 https://www.degruyter.com/isbn/9781400836994 https://www.degruyter.com/cover/covers/9781400836994.jpg |
illustrated |
Illustrated |
dewey-hundreds |
300 - Social sciences |
dewey-tens |
330 - Economics |
dewey-ones |
332 - Financial economics |
dewey-full |
332.1 |
dewey-sort |
3332.1 |
dewey-raw |
332.1 |
dewey-search |
332.1 |
doi_str_mv |
10.1515/9781400836994 |
oclc_num |
979742022 |
work_keys_str_mv |
AT duffiedarrell howbigbanksfailandwhattodoaboutit |
status_str |
n |
ids_txt_mv |
(DE-B1597)446866 (OCoLC)979742022 |
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Title is part of eBook package: De Gruyter Princeton University Press eBook-Package Backlist 2000-2013 |
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How Big Banks Fail and What to Do about It / |
container_title |
Title is part of eBook package: De Gruyter Princeton University Press eBook-Package Backlist 2000-2013 |
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1806143544017027072 |
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