The Failure Mechanics of Dealer Banks

Darrell Duffie

Ekonomicheskaya Politika / Economic Policy, 2010, vol. 4, 131-153

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: large dealer banks; failure; derivatives; flight of the creditors (search for similar items in EconPapers)
Date: 2010
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Citations: View citations in EconPapers (83)

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Journal Article: The Failure Mechanics of Dealer Banks (2010)
Working Paper: The failure mechanics of dealer banks (2010)
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Persistent link: https://EconPapers.repec.org/RePEc:rnp:ecopol:1042

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