[PDF] Big Bank Take Lil Bank Vol 1 eBook

Author : Darrell Duffie
Publisher : Princeton University Press
Page : 108 pages
File Size : 20,72 MB
Release : 2010-10-18
Category : Business & Economics
ISBN : 1400836999

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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.

Author : Saratchandra Chattopadhyay
Publisher : Penguin UK
Page : 1054 pages
File Size : 43,38 MB
Release : 2005-06-22
Category : Photography
ISBN : 9351181057

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Saratchandra Chattopadhyay is widely acknowledged as one of the greatest Indian novelists of the twentieth century. His novels, serialized in periodicals and subsequently published in book form, earned Saratchandra immense fame in the early decades of the century, and established him as Bengal's master storyteller. Even today, seven decades after his death, Saratchandra remains one of the most popular novelists in Bengal, and is widely read in translation across India as well. This collector's edition of Saratchandra's works in English translation brings together the writer's most renowned and best-loved novels in two omnibus volumes. The first volume features five novels: Srikanta, Devdas, Parineeta, Palli Samaj and Nishkriti. Srikanta is the story of a wanderer who observes the people around him; through them— especially the women he loves and respects, from the sacrificing Annada Didi and the rebellious Abhaya to the housewife Rajlakshmi and the courtesan Pyari Bai— he tries to arrive at an understanding of life. Devdas, on the other hand, is the tragic tale of a man who drives himself to drink and debilitation when he is unable to marry his childhood sweetheart Paro. In Parineeta (Espoused), the orphaned Lalita is secretly in love with her guardian Shekhar, but circumstances conspire to drive the two apart. Palli Samaj (The Village Life) has Ramesh, an engineer, returning to the village of his birth to try and rid it of the backwardness that plagues it, even as he tries to revive his childhood ties with Rama, now a widow. In Nishkriti (Deliverance), the strong-willed Shailaja, the youngest daughter-in-law in a joint family, is made an outcast as a result of a misunderstanding; much later, her elders realize their mistake, just in time to save the family from disintegration. Each of the novels showcases the qualities Saratchandra is famous for: everyday stories told in a simple yet gripping style, strong characters, meticulous plotting, true-to-life dialogue, and unforgettable depictions of life in turn-of-the-century Bengal. Translated especially for Penguin, these classic novels will delight those new to Saratchandra's works as well as those who want to return to them again.

Author : Lawrence H. White
Publisher : NYU Press
Page : 184 pages
File Size : 24,38 MB
Release : 1993-07
Category : Business & Economics
ISBN : 081479260X

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Begins a series analyzing the role of government in the economy from the perspective of the Austrian school of economics. Six essays trace the precarious state of US banking to rent-seeking, ideology, and the historical accretion of government regulations. They are revised versions of papers presented at an April 1991 conference at New York University. Annotation copyright by Book News, Inc., Portland, OR