Download This PaperThe Failure Mechanics of Dealer Banks
53 Pages Posted: 29 Jul 2009
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The Failure Mechanics of Dealer Banks
Date Written: June 22, 2009
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: bank failure mechanics
JEL Classification: G21
Suggested Citation: Suggested Citation
James Darrell Duffie (Contact Author)
Stanford University - Graduate School of Business ( email )
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Stanford, CA 94305-7298
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