How Long to Read How Big Banks Fail and What to Do about It

How Long Does it Take to Read How Big Banks Fail and What to Do about It?

It takes the average reader 1 hour and 51 minutes to read How Big Banks Fail and What to Do about It by Darrell Duffie

Assuming a reading speed of 250 words per minute. Learn more

Description

A leading finance expert explains how and why big banks fail—and what can be done to prevent it 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.

How long is How Big Banks Fail and What to Do about It?

How Big Banks Fail and What to Do about It by Darrell Duffie is 108 pages long, and a total of 27,864 words.

This makes it 36% the length of the average book. It also has 34% more words than the average book.

How Long Does it Take to Read How Big Banks Fail and What to Do about It Aloud?

The average oral reading speed is 183 words per minute. This means it takes 2 hours and 32 minutes to read How Big Banks Fail and What to Do about It aloud.

What Reading Level is How Big Banks Fail and What to Do about It?

How Big Banks Fail and What to Do about It is suitable for students ages 10 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

When deciding what to show young students always use your best judgement and consult a professional.

Where Can I Buy How Big Banks Fail and What to Do about It?

How Big Banks Fail and What to Do about It by Darrell Duffie is sold by several retailers and bookshops. However, Read Time works with Amazon to provide an easier way to purchase books.

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