The Basics of 'Too Big to Fail'

23 Pages Posted: 6 Mar 2014

See all articles by Lawrence J. White

Lawrence J. White

New York University (NYU) - Leonard N. Stern School of Business, Department of Economics

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Date Written: March 2014

Abstract

This essay lays out the basics of the “too-big-to-fail” (TBTF) phenomenon: What it means; why it is a problem; the central role that TBTF financial institutions played in the financial crisis of 2008; and why better prudential regulation than was present prior to 2008 is needed for the future.

Keywords: Too big to fail (TBTF); prudential regulation; capital, leverage; liquidity; runs

Suggested Citation

White, Lawrence J., The Basics of 'Too Big to Fail' (March 2014). NYU Working Paper No. 2451/33564. Available at SSRN: https://ssrn.com/abstract=2405433

Lawrence J. White (Contact Author)

New York University (NYU) - Leonard N. Stern School of Business, Department of Economics ( email )

44 West 4th Street
Suite 9-160
New York, NY NY 10012
United States

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