How Big Banks Fail and What to Do about It by Darrell Duffie
Published By: Princeton and Oxford: Princeton University Press ISBN: 978-0-691-14885-4 Date of Publication: 2011
Book Review Detail
Jonathan Macey of Yale Law School
Review DOI: 10.1257/jel.49.3.719.r13 Review Pages: 750-51
Book Review Abstract
Jonathan Macey of Yale Law School reviews "How Big Banks Fail and What to Do about It" by Darrell Duffie. The EconLit Abstract of the reviewed work begins "Explores the failure mechanics of dealer banks and outlines improvements in regulations and market infrastructure that could reduce the risks of these failures and reduce the damage they cause to the wider financial system when they fail. Discusses what a dealer bank is; failure mechanisms; recapitalizing a weak bank; and improving regulations and market infrastructure. Duffie is Dean Witter Distinguished Professor of Finance at Stanford University's Graduate School of Business. Bibliography; index."
E44: Financial Markets and the Macroeconomy G21: Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages G28: Financial Institutions and Services: Government Policy and Regulation G33: Bankruptcy; Liquidation