1.

Record Nr.

UNINA9910777366903321

Autore

Bartsch William H. <1933->

Titolo

December 8, 1941 [[electronic resource] ] : MacArthur's Pearl Harbor / / William H. Bartsch

Pubbl/distr/stampa

College Station, : Texas A&M University Press, c2003

ISBN

1-299-05249-5

1-60344-662-1

Descrizione fisica

1 online resource (566 p.)

Collana

Texas A & M University military history series ; ; 87

Disciplina

940.54/25

Soggetti

World War, 1939-1945 - Campaigns - Philippines

World War, 1939-1945 - Aerial operations, Japanese

World War, 1939-1945 - Aerial operations, American

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Bibliographic Level Mode of Issuance: Monograph

Nota di bibliografia

Includes bibliographical references (p. [505]-531) and index.



2.

Record Nr.

UNINA9910955681503321

Autore

Duffie Darrell

Titolo

How big banks fail and what to do about it / / Darrell Duffie

Pubbl/distr/stampa

Princeton, N.J., : Princeton University Press, c2011

ISBN

9786612864803

9781282864801

1282864807

9781400836994

1400836999

Edizione

[Course Book]

Descrizione fisica

1 online resource (108 p.)

Disciplina

332.1

Soggetti

Bank failures

Bank failures - Prevention

Bank failures - United States

Financial crises

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Description based upon print version of record.

Nota di bibliografia

Includes bibliographical references (p. [79]-86) and index.

Nota di contenuto

Introduction -- What is a dealer bank? -- Failure mechanisms -- Recapitalizing a weak bank -- Improving regulations and market infrastructure -- Appendix: Central clearing of derivatives.

Sommario/riassunto

Dealer banks--that is, large banks that deal in securities and derivatives, such as J. P. Morgan and Goldman Sachs--are of a size and complexity that sharply distinguish them from typical commercial banks. When they fail, as we saw in the global financial crisis, they pose significant risks to our financial system and the world economy. How Big Banks Fail and What to Do about It examines how these banks collapse and how we can prevent the need to bail them out. In sharp, clinical detail, Darrell Duffie walks readers step-by-step through the mechanics of large-bank failures. He identifies where the cracks first appear when a dealer bank is weakened by severe trading losses, and demonstrates how the bank's relationships with its customers and business partners abruptly change when its solvency is threatened. As others seek to reduce their exposure to the dealer bank, the bank is



forced to signal its strength by using up its slim stock of remaining liquid capital. Duffie shows how the key mechanisms in a dealer bank's collapse--such as Lehman Brothers' failure in 2008--derive from special institutional frameworks and regulations that influence the flight of short-term secured creditors, hedge-fund clients, derivatives counterparties, and most devastatingly, the loss of clearing and settlement services. How Big Banks Fail and What to Do about It reveals why today's regulatory and institutional frameworks for mitigating large-bank failures don't address the special risks to our financial system that are posed by dealer banks, and outlines the improvements in regulations and market institutions that are needed to address these systemic risks.