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How Big Banks Fail and What to Do about It /

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 fi...

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Bibliographic Details
Main Author: Duffie, Darrell
Format: Electronic eBook
Language:Inglés
Published: Princeton : Princeton University Press, 2011.
Series:Book collections on Project MUSE.
Subjects:
Online Access:Texto completo
Table of Contents:
  • Introduction
  • What is a dealer bank?
  • Failure mechanisms
  • Recapitalizing a weak bank
  • Improving regulations and market infrastructure
  • Appendix: Central clearing of derivatives.