Book Reviews
Keyword(s):
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.”