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Princeton University Press
How Big Banks Fail and What to Do about It

How Big Banks Fail and What to Do about It

by Darrell Duffie


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Product Details

ISBN-13: 9780691148854
Publisher: Princeton University Press
Publication date: 10/18/2010
Pages: 112
Product dimensions: 5.60(w) x 8.50(h) x 0.70(d)

About the Author

Darrell Duffie is the Dean Witter Distinguished Professor of Finance at Stanford University's Graduate School of Business. He is the author of Dynamic Asset Pricing Theory and the coauthor of Credit Risk: Pricing, Measurement, and Management (both Princeton).

Table of Contents

List of Figures and Tables ix

Preface xi

Chapter One: Introduction 1

Chapter Two: What Is a Dealer Bank? 9

Chapter Three: Failure Mechanisms 23

Chapter Four: Recapitalizing a Weak Bank 43

Chapter Five: Improving Regulations and Market Infrastructure 53

Appendix: Central Clearing of Derivatives 63

Notes 71

Bibliography 79

Index 87

What People are Saying About This


Darrell Duffie is one of the leading experts on the problem of large-bank failures. He focuses on issues not addressed elsewhere, but which are being talked about everywhere. This book scores in a big way.
Viral V. Acharya, New York University

Paul Tucker

In How Big Banks Fail and What to Do about It, Darrell Duffie tackles one of the central but often neglected issues in building a more resilient financial system. Duffie has that rare combination—the rigor of the academy and knowledge of how the plumbing of the financial system works. Anyone interested in regulatory reform will need to engage with his thinking.
Paul Tucker, deputy governor, financial stability, Bank of England

Franklin Allen

The book does an excellent job of explaining the institutional setting of big dealer banks and how things went wrong in the financial crisis. The issues are important and the policy suggestions sound. There is nothing quite like this out there.
Franklin Allen, University of Pennsylvania

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How Big Banks Fail, and What to Do about It 1 out of 5 based on 0 ratings. 1 reviews.
Anonymous More than 1 year ago
This is very boring not even thru a quarter thru the book i wanted twice my money back !!! Dont buy this book