How big banks fail and what to do about it / Darrell Duffie
Material type:
TextPublication details: United Kingdom : Princeton University Press, 2011Description: xiii, 91p. 22cmISBN: - 9780691148854
- 332.1 DUF
| Item type | Current library | Call number | Status | Date due | Barcode | Item holds | |
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Book
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Calcutta | 332.1 DUF (Browse shelf(Opens below)) | Available | IIMC-132273 |
In this book, the author 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. The book 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.
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