How Big Banks Fail and What to Do about It

by Darrell Duffie

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A leading finance expert explains how and why big banks fail--and what can be done to prevent 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 financial system and the world economy...

Format:Hardcover

Language:English

ISBN:0691148856

ISBN13:9780691148854

Release Date:November 2010

Publisher:Princeton University Press

Length:112 Pages

Weight:0.65 lbs.

Dimensions:0.7" x 5.6" x 8.5"

Related Subjects

Business Business & Investing Economics

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How Big Banks Fail and What to Do about It

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