The failure mechanics of dealer banks

Darrell Duffie

No 301, BIS Working Papers from Bank for International Settlements

Abstract: I explain the key failure mechanics of large dealer banks, and some policy implications. This is not a review of the financial crisis of 2007–2009. Systemic risk is considered only in passing. Both the financial crisis and the systemic importance of large dealer banks are nevertheless obvious and important motivations.

Keywords: liquidity; dealer banks; OTC markets; financial crisis (search for similar items in EconPapers)
Pages: 39 pages
Date: 2010-03
New Economics Papers: this item is included in nep-ban and nep-cba
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Citations: View citations in EconPapers (89)

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Related works:
Journal Article: The Failure Mechanics of Dealer Banks (2010)
Journal Article: The Failure Mechanics of Dealer Banks (2010)
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Persistent link: https://EconPapers.repec.org/RePEc:bis:biswps:301

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