Darrell Duffie, "How Big Banks Fail and What to Do about It"
English | 2010 | ISBN: 0691148856 | 108 pages | PDF | 1,2 MB
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.