Financial Market Infrastructure: Too Important to Fail

Darrell Duffie

No 14101, Economics Working Papers from Hoover Institution, Stanford University

Abstract: This paper argues that failure resolution cannot yet be safely applied to certain firms that operate key financial market infrastructures used for clearing over-the-counter derivatives or tri-party repurchase agreements.

Pages: 8 pages
Date: 2014-01
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Citations: View citations in EconPapers (3)

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Chapter: Financial Market Infrastructure: Too Important to Fail (2014)
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