The Failure Mechanics of Dealer Banks

53 Pages Posted: 29 Jul 2009

See all articles by Darrell Duffie

Darrell Duffie

Stanford University - Graduate School of Business; National Bureau of Economic Research (NBER); Canadian Derivatives Institute

Multiple version iconThere are 2 versions of this paper

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

Duffie, James Darrell, The Failure Mechanics of Dealer Banks (June 22, 2009). Rock Center for Corporate Governance at Stanford University Working Paper No. 59, Available at SSRN: https://ssrn.com/abstract=1439908 or http://dx.doi.org/10.2139/ssrn.1439908

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