메뉴 건너뛰기




Volumn , Issue , 2010, Pages 1-91

How big banks fail and what to do about it

(1)  Duffie, Darrell a  

a NONE

Author keywords

[No Author keywords available]

Indexed keywords


EID: 84924143336     PISSN: None     EISSN: None     Source Type: Book    
DOI: None     Document Type: Book
Times cited : (50)

References (96)
  • 1
    • 84884061386 scopus 로고    scopus 로고
    • Money Markets: Tri-party Repo Concerns
    • Barclays Capital, Research, U.S. Economics & Rates, Strategy, March 12
    • Abate, Joseph. "Money Markets: Tri-party Repo Concerns." Barclays Capital, Research, U.S. Economics & Rates, Strategy, March 12, 2009.
    • (2009)
    • Abate, J.1
  • 2
    • 85005305538 scopus 로고
    • The Market for 'Lemons': Quality Uncertainty and the Market Mechanism
    • Akerlof, George. "The Market for 'Lemons': Quality Uncertainty and the Market Mechanism." Quarterly Journal of Economics 84, no. 3 (1970): 488-500.
    • (1970) Quarterly Journal of Economics , vol.84 , Issue.3 , pp. 488-500
    • Akerlof, G.1
  • 3
    • 84856681458 scopus 로고    scopus 로고
    • Hedge Funds as Liquidity Providers: Evidence from the Lehman Bankruptcy
    • Working paper, Boston College, August 26
    • Aragon, George O., and Philip E. Strahan. "Hedge Funds as Liquidity Providers: Evidence from the Lehman Bankruptcy." Working paper, Boston College, August 26, 2009.
    • (2009)
    • Aragon, G.O.1    Strahan, P.E.2
  • 4
    • 44449112053 scopus 로고    scopus 로고
    • New Developments in Clearing and Settlement Arrangements for OTC Derivatives
    • Technical report, Bank for International Settlements (BIS), Basel, March, Available at
    • Bank for International Settlements. "New Developments in Clearing and Settlement Arrangements for OTC Derivatives." Technical report, Bank for International Settlements (BIS), Basel, March 2007. Available at www.bis.org/publ/cpss77.htm.
    • (2007)
  • 5
    • 72149094538 scopus 로고    scopus 로고
    • OTC Derivatives Market Activity in the Second Half of 2008
    • BIS Monetary and Economic Department, Basel, May, Available at
    • Bank for International Settlements. a. "OTC Derivatives Market Activity in the Second Half of 2008." BIS Monetary and Economic Department, Basel, May 2009. Available at www.bis.org/publ/otc_hy0905.pdf.
    • (2009)
  • 6
    • 74949120554 scopus 로고    scopus 로고
    • The Role of Valuation and Leverage in Procyclicality
    • BIS, April, Available at
    • Bank for International Settlements. b. "The Role of Valuation and Leverage in Procyclicality." BIS, April 2009. Available at www.bis.org/publ/cgfs34.pdf.
    • (2009)
  • 7
    • 77951494100 scopus 로고    scopus 로고
    • Bear Stearns' Credit Hedge Funds Almost Wiped Out: Leveraged Fund Worth Nothing; 'Very Little Value' Left in Larger Fund, Letter Says
    • July 18, Available at
    • Barr, Alistair. a. "Bear Stearns' Credit Hedge Funds Almost Wiped Out: Leveraged Fund Worth Nothing; 'Very Little Value' Left in Larger Fund, Letter Says." MarketWatch, July 18, 2007. Available at www.marketwatch.com/story/bear-credit-hedge-funds-almostwiped-out-sources-say.
    • (2007) MarketWatch
    • Barr, A.1
  • 8
    • 77951462923 scopus 로고    scopus 로고
    • Bear to Lend $3.2 Bln to One of Its Hedge Funds-But Bank Doesn't Lend Money to Other, More Leveraged, Hedge Fund
    • June 22, Available at
    • Barr, Alistair. b. "Bear to Lend $3.2 Bln to One of Its Hedge Funds-But Bank Doesn't Lend Money to Other, More Leveraged, Hedge Fund." MarketWatch, June 22, 2007. Available at www.marketwatch.com/story/bear-to-lend-up-to-32-bln-to-troubled-hedge-fund-it-runs.
    • (2007) MarketWatch
    • Barr, A.1
  • 9
    • 79955793656 scopus 로고    scopus 로고
    • International Framework for Liquidity Risk Measurement, Standards and Monitoring
    • Technical Report, Bank for International Settlements, December, Available at
    • Basel Committee on Banking Supervision. "International Framework for Liquidity Risk Measurement, Standards and Monitoring." Technical Report, Bank for International Settlements, December 2009. Available at www.bis.org/publ/bcbs165.pdf.
    • (2009)
  • 10
    • 70349714286 scopus 로고    scopus 로고
    • Reducing Systemic Risk
    • Speech presented at the Federal Reserve Bank of Kansas City's Annual Economic Symposium, Jackson Hole, Wyoming, August 22
    • Bernanke, Ben. "Reducing Systemic Risk." Speech presented at the Federal Reserve Bank of Kansas City's Annual Economic Symposium, Jackson Hole, Wyoming, August 22, 2008.
    • (2008)
    • Bernanke, B.1
  • 11
    • 73149108173 scopus 로고    scopus 로고
    • Financial Reform to Address Systemic Risk
    • Speech presented to the Council on Foreign Relations, March 10
    • Bernanke, Ben. a. "Financial Reform to Address Systemic Risk." Speech presented to the Council on Foreign Relations, March 10, 2009.
    • (2009)
    • Bernanke, B.1
  • 12
    • 84857708764 scopus 로고    scopus 로고
    • Financial Regulation and Supervision after the Crisis: The Role of the Federal Reserve
    • Remarks given at the Federal Reserve Bank of Boston 54th Economic Conference, October 13
    • Bernanke, Ben. b. "Financial Regulation and Supervision after the Crisis: The Role of the Federal Reserve." Remarks given at the Federal Reserve Bank of Boston 54th Economic Conference, October 13, 2009.
    • (2009)
    • Bernanke, B.1
  • 13
    • 77951454796 scopus 로고    scopus 로고
    • Resolving Large Complex Financial Organizations
    • George G. Kaufman, ed., Amsterdam: Elsevier Press
    • Bliss, Robert R. "Resolving Large Complex Financial Organizations." Pp. 3-31 in George G. Kaufman, ed., Market Discipline in Banking: Theory and Evidence, vol. 15. Amsterdam: Elsevier Press, 2003.
    • (2003) , vol.15 , pp. 3-31
    • Bliss, R.R.1
  • 14
    • 77951456040 scopus 로고    scopus 로고
    • U.S. Corporate and Bank Insolvency Regimes: An Economic Comparison and Evaluation
    • Working Paper WP-06-01, Federal Reserve Bank of Chicago
    • Bliss, Robert R., and George G. Kaufman. "U.S. Corporate and Bank Insolvency Regimes: An Economic Comparison and Evaluation." Working Paper WP-06-01, Federal Reserve Bank of Chicago, 2006.
    • (2006)
    • Bliss, R.R.1    Kaufman, G.G.2
  • 15
    • 43649099154 scopus 로고    scopus 로고
    • Derivatives Clearing and Settlement: A Comparison of Central Counterparties and Alternative Structures
    • Bliss, Robert R., and Robert Steigerwald. "Derivatives Clearing and Settlement: A Comparison of Central Counterparties and Alternative Structures." Economic Perspectives 30, no. 4 (2006): 22-29.
    • (2006) Economic Perspectives , vol.30 , Issue.4 , pp. 22-29
    • Bliss, R.R.1    Steigerwald, R.2
  • 16
    • 0033074488 scopus 로고    scopus 로고
    • Megamergers and Expanded Scope: Theories of Bank Size and Activity Diversity
    • Boot, Arnoud, Todd Milbourn, and Anjun Thakor. "Megamergers and Expanded Scope: Theories of Bank Size and Activity Diversity." Journal of Banking and Finance 23, no. 2 (1999): 195-214.
    • (1999) Journal of Banking and Finance , vol.23 , Issue.2 , pp. 195-214
    • Boot, A.1    Milbourn, T.2    Thakor, A.3
  • 18
    • 77951489840 scopus 로고    scopus 로고
    • Reorganising the Banks: Focus on the Liabilities, Not the Assets
    • Web comment, March 21, Available at
    • Bulow, Jeremy, and Paul Klemperer. "Reorganising the Banks: Focus on the Liabilities, Not the Assets." Web comment, March 21, 2009. Available at www.voxeu.org/index.php?q=node/3320.
    • (2009)
    • Bulow, J.1    Klemperer, P.2
  • 19
    • 77951470402 scopus 로고    scopus 로고
    • Bringing Down Bear Stearns
    • August
    • Burroughs, Bryan. "Bringing Down Bear Stearns." Vanity Fair, August 2008, pp. 106-11.
    • (2008) Vanity Fair , pp. 106-111
    • Burroughs, B.1
  • 20
    • 77951467546 scopus 로고    scopus 로고
    • Effects of the Subprime Market Crisis on the Primary Market for Liquidity
    • Working paper, Stanford University, Economics Department, November
    • Cassola, Nuno, Ali Hortacsu, and Jakub Kastl. "Effects of the Subprime Market Crisis on the Primary Market for Liquidity." Working paper, Stanford University, Economics Department, November 2008.
    • (2008)
    • Cassola, N.1    Hortacsu, A.2    Kastl, J.3
  • 21
    • 77951473309 scopus 로고    scopus 로고
    • Citigroup to Bail Out Internal Hedge Fund
    • CNBC.com, February 23, Available at
    • CNBC. "Citigroup to Bail Out Internal Hedge Fund." CNBC.com, February 23, 2008. Available at www.cnbc.com/id/23308202.
    • (2008)
  • 23
    • 78449309456 scopus 로고    scopus 로고
    • The Role of Margin Requirements and Haircuts in Procyclicality
    • CGFS Paper Number 36, Bank for International Settlements, Basel, March
    • Committee on the Global Financial System. "The Role of Margin Requirements and Haircuts in Procyclicality." CGFS Paper Number 36, Bank for International Settlements, Basel, March 2010.
    • (2010)
  • 24
    • 77951444243 scopus 로고    scopus 로고
    • J.P. Morgan Made Dual Cash Demands
    • October 8, Available at
    • Craig, Susanne, and Robin Sidel. "J.P. Morgan Made Dual Cash Demands." Wall Street Journal, October 8, 2008. Available at http://online.wsj.com/article/SB122342716816213665.html.
    • (2008) Wall Street Journal
    • Craig, S.1    Sidel, R.2
  • 25
    • 84883926588 scopus 로고    scopus 로고
    • Contingent Capital Versus Contingent Reverse Convertibles for Banks and Insurance Companies
    • Culp, Christopher L. "Contingent Capital Versus Contingent Reverse Convertibles for Banks and Insurance Companies." Journal of Applied Corporate Finance 20, no 4 (2009): 19-27.
    • (2009) Journal of Applied Corporate Finance , vol.20 , Issue.4 , pp. 19-27
    • Culp, C.L.1
  • 26
    • 0002550734 scopus 로고    scopus 로고
    • A Liquidity-Based Model of Security Design
    • DeMarzo, Peter, and Darrell Duffie. "A Liquidity-Based Model of Security Design." Econometrica 67, no. 1 (1999): 65-99.
    • (1999) Econometrica , vol.67 , Issue.1 , pp. 65-99
    • DeMarzo, P.1    Duffie, D.2
  • 27
    • 84884008361 scopus 로고    scopus 로고
    • A New Model
    • January 22, Available at
    • Devasabai, Kris. "A New Model." International Custody & Fund Administration, January 22, 2009. Available at http://icfamagazine.com/public/showPage.html?page=icfa_display_feature&tempPageId=836072.
    • (2009) International Custody & Fund Administration
    • Devasabai, K.1
  • 28
    • 84924218959 scopus 로고    scopus 로고
    • J. P. Morgan 'Brought Down' Lehman Brothers
    • October 5
    • Dey, Iain, and Danny Fortson. "J. P. Morgan 'Brought Down' Lehman Brothers." London Times, Sunday Edition, October 5, 2008.
    • (2008) London Times, Sunday Edition
    • Dey, I.1    Fortson, D.2
  • 29
    • 85010390101 scopus 로고
    • Bank Runs, Deposit Insurance, and Liquidity
    • Diamond, Douglas W., and Philip H. Dybvig. "Bank Runs, Deposit Insurance, and Liquidity." Journal of Political Economy 91, no. 3 (1983): 401-19.
    • (1983) Journal of Political Economy , vol.91 , Issue.3 , pp. 401-419
    • Diamond, D.W.1    Dybvig, P.H.2
  • 30
    • 84883926400 scopus 로고    scopus 로고
    • Some Lessons from the Crisis
    • Remarks made at the Institute of International Banks Membership Luncheon, New York, October 13
    • Dudley, William. "Some Lessons from the Crisis." Remarks made at the Institute of International Banks Membership Luncheon, New York, October 13, 2009.
    • (2009)
    • Dudley, W.1
  • 31
    • 84867566221 scopus 로고    scopus 로고
    • A Contractual Approach to Resructuring Financial Institutions
    • Kenneth Scott and John Taylor, eds., Ending Government Bailouts as We Know Them. Stanford: Hoover Press
    • Duffie, Darrell. "A Contractual Approach to Resructuring Financial Institutions." Pp. 109-24 in Kenneth Scott and John Taylor, eds., Ending Government Bailouts as We Know Them. Stanford: Hoover Press, 2010.
    • (2010) , pp. 109-124
    • Duffie, D.1
  • 32
    • 78049300023 scopus 로고    scopus 로고
    • Policy Perspectives on OTC Derivatives Market Infrastructure
    • Technical Report 424, Federal Reserve Bank of New York, January
    • Duffie, Darrell, Ada Li, and Theo Lubke. "Policy Perspectives on OTC Derivatives Market Infrastructure." Technical Report 424, Federal Reserve Bank of New York, January 2010.
    • (2010)
    • Duffie, D.1    Li, A.2    Lubke, T.3
  • 33
    • 77950795650 scopus 로고    scopus 로고
    • Do Central Clearing Counterparties Reduce Counterparty Risk?
    • Working paper, Stanford Unviversity, Graduate School of Business, March, Available at
    • Duffie, Darrell, and Haoxiang Zhu. "Do Central Clearing Counterparties Reduce Counterparty Risk?" Working paper, Stanford Unviversity, Graduate School of Business, March 2009. Available at www.stanford.edu/duffie/DuffieZhu.pdf.
    • (2009)
    • Duffie, D.1    Zhu, H.2
  • 34
    • 33646151791 scopus 로고    scopus 로고
    • Derivatives and the Bankruptcy Code: Why the Special Treatment?
    • Edwards, Franklin, and Edward R. Morrison. "Derivatives and the Bankruptcy Code: Why the Special Treatment?" Yale Journal on Regulation 22, no. 1 (2005): 91-122.
    • (2005) Yale Journal on Regulation , vol.22 , Issue.1 , pp. 91-122
    • Edwards, F.1    Morrison, E.R.2
  • 35
    • 77951462200 scopus 로고    scopus 로고
    • Repo Markets, Counterparty Risk, and the 2007/2008 Liquidity Crisis
    • Working Paper 909, European Central Bank, Frankfurt
    • Ewerhart, Christian, and Jens Tapking. "Repo Markets, Counterparty Risk, and the 2007/2008 Liquidity Crisis." Working Paper 909, European Central Bank, Frankfurt, 2008.
    • (2008)
    • Ewerhart, C.1    Tapking, J.2
  • 36
    • 77951448517 scopus 로고    scopus 로고
    • Hedge Funds with Billions Tied Up at Lehman Face Months of Uncertainty
    • October 6, Available at
    • Farrell, Sean. "Hedge Funds with Billions Tied Up at Lehman Face Months of Uncertainty." The Independent, October 6, 2008. Available at www.independent.co.uk/news/business/news/hedge-fundswith-billions-tied-up-at-lehman-face-months-of-uncertainty-952586.html.
    • (2008) The Independent
    • Farrell, S.1
  • 37
    • 77951491136 scopus 로고    scopus 로고
    • Strengthening Liquidity Standards
    • Technical report, Financial Services Authority, London, October, Available at
    • Financial Services Authority. "Strengthening Liquidity Standards." Technical report, Financial Services Authority, London, October 2009. Available at www.fsa.gov.uk/pubs/policy/ps09_16.pdf.
    • (2009)
  • 38
    • 84883945623 scopus 로고    scopus 로고
    • Comments on Franklin Allen and Elena Carletti 'The Role of Liquidity in Financial Crises'
    • Jackson Hole Conference, Wyoming, August, Available at
    • Fisher, Peter. "Comments on Franklin Allen and Elena Carletti 'The Role of Liquidity in Financial Crises'." Jackson Hole Conference, Wyoming, August 2008. Available at www.kc.frb.org/publicat/sympos/2008/fisher.09.01.08.pdf.
    • (2008)
    • Fisher, P.1
  • 39
    • 84920076693 scopus 로고    scopus 로고
    • No Pain, No Gain? Effecting Market Discipline via Reverse Convertible Debentures
    • Hal S. Scott, ed., Oxford: Oxford University Press
    • Flannery, Mark J. "No Pain, No Gain? Effecting Market Discipline via Reverse Convertible Debentures." Pp. 171-96 in Hal S. Scott, ed., Capital Adequacy Beyond Basel: Banking, Securities, and Insurance. Oxford: Oxford University Press, 2005.
    • (2005) Capital Adequacy Beyond Basel: Banking, Securities, and Insurance , pp. 171-196
    • Flannery, M.J.1
  • 40
    • 84876875361 scopus 로고    scopus 로고
    • Market-Valued Triggers Will Work for Contingent Capital Instruments
    • Solicited Submission to U.S. Treasury Working Group on Bank Capital
    • Flannery, Mark J. "Market-Valued Triggers Will Work for Contingent Capital Instruments." Solicited Submission to U.S. Treasury Working Group on Bank Capital, 2009.
    • (2009)
    • Flannery, M.J.1
  • 41
    • 84927046106 scopus 로고    scopus 로고
    • Liquidity, Default, and Crashes, Endogenous Contracts in General Equilibrium
    • M. Dewatripont, L. P. Hansen, and S. J. Turnovsky, eds., Cambridge: Cambridge University Press
    • Geanakoplos, John. "Liquidity, Default, and Crashes, Endogenous Contracts in General Equilibrium." Pp. 170-205 in M. Dewatripont, L. P. Hansen, and S. J. Turnovsky, eds., Advances in Economics and Econometrics: Theory and Applications, Eighth World Conference, Volume II, Econometric Society Monographs. Cambridge: Cambridge University Press, 2003.
    • (2003) Advances in Economics and Econometrics: Theory and Applications, Eighth World Conference, Econometric Society Monographs , vol.2 , pp. 170-205
    • Geanakoplos, J.1
  • 42
    • 77749252232 scopus 로고    scopus 로고
    • Reducing Systemic Risk in a Dynamic Financial System
    • June 9, Available at
    • Geithner, Timothy. "Reducing Systemic Risk in a Dynamic Financial System." Remarks made at the Economic Club of New York, June 9, 2008. Available at www.bis.org/review/r080612b.pdf.
    • (2008) Remarks made at the Economic Club of New York
    • Geithner, T.1
  • 43
    • 77951446635 scopus 로고    scopus 로고
    • Central Counterparty Default Management and the Collapse of Lehman Brothers
    • Technical report, CCP12, The Global Association of Central Counterparties, London
    • Global Association of Central Counterparties. "Central Counterparty Default Management and the Collapse of Lehman Brothers." Technical report, CCP12, The Global Association of Central Counterparties, London, 2009.
    • (2009)
  • 44
    • 84883981081 scopus 로고    scopus 로고
    • Goldman Sachs and Various Investors Including C.V. Starr & Co., Inc., Perry Capital LLC and Eli Broad Invest $3 Billion in Global Equity Opportunities Fund
    • Goldman Sachs press release, August 13, Available at
    • Goldman Sachs and Company. "Goldman Sachs and Various Investors Including C.V. Starr & Co., Inc., Perry Capital LLC and Eli Broad Invest $3 Billion in Global Equity Opportunities Fund." Goldman Sachs press release, August 13, 2007. Available at www2.goldmansachs.com/our-firm/press/press-releases/archived/2007/2007-08-13.html.
    • (2007)
  • 45
    • 77951472944 scopus 로고    scopus 로고
    • HSBC to Provide $35 Billion in Funding to SIVs- Citigroup Reportedly Under Pressure to Move Securities onto its Balance Sheet
    • November 27, Available at
    • Goldstein, Steve. "HSBC to Provide $35 Billion in Funding to SIVs- Citigroup Reportedly Under Pressure to Move Securities onto its Balance Sheet." MarketWatch, November 27, 2007. Available at www.marketwatch.com/story/hsbc-to-provide-35-billion-in-fundsto-structured-vehicles.
    • (2007) MarketWatch
    • Goldstein, S.1
  • 47
    • 0039993932 scopus 로고    scopus 로고
    • Default and Renegotiation: A Dynamic Model of Debt
    • Hart, Oliver, and John Moore. "Default and Renegotiation: A Dynamic Model of Debt." Quarterly Journal of Economics 113, no. 1 (1998): 1-41.
    • (1998) Quarterly Journal of Economics , vol.113 , Issue.1 , pp. 1-41
    • Hart, O.1    Moore, J.2
  • 48
    • 84866300342 scopus 로고    scopus 로고
    • Wind-down Plans as an Alternative to Bailouts: The Cross Broder Challenges
    • Kenneth Scott and John Taylor, eds., Stanford: Hoover Press
    • Herring, Richard. "Wind-down Plans as an Alternative to Bailouts: The Cross Broder Challenges." Pp. 125-62 in Kenneth Scott and John Taylor, eds., Ending Government Bailouts as we Know Them. Stanford: Hoover Press, 2010.
    • (2010) Ending Government Bailouts as we Know Them , pp. 125-162
    • Herring, R.1
  • 49
    • 77951483909 scopus 로고    scopus 로고
    • Central Counterparty Clearing Houses and Financial Stability
    • Bank of England
    • Hills, Bob, David Rule, Sarah Parkinson, and Chris Young. "Central Counterparty Clearing Houses and Financial Stability." Financial Stability Review, Bank of England, 6, no. 2 (1999): 122-34.
    • (1999) Financial Stability Review , vol.6 , Issue.2 , pp. 122-134
    • Hills, B.1    Rule, D.2    Parkinson, S.3    Young, C.4
  • 50
    • 84924175041 scopus 로고    scopus 로고
    • U.S. Securities Industry: Prime Brokerage, A Rapidly Evolving Industry
    • March 13
    • Hintz, Brad, Luke Montgomery, and Vincent Curotto. "U.S. Securities Industry: Prime Brokerage, A Rapidly Evolving Industry." Bernstein Research, March 13, 2009.
    • (2009) Bernstein Research
    • Hintz, B.1    Montgomery, L.2    Curotto, V.3
  • 51
    • 84859365605 scopus 로고    scopus 로고
    • Risk, Reward and Responsibility: The Financial Sector and Society
    • Technical report, HM Treasury, December, Available at
    • HM Treasury. "Risk, Reward and Responsibility: The Financial Sector and Society." Technical report, HM Treasury, December 2009. Available at www.hm-treasury.gov.uk/d/fin_finsectorandsociety.pdf.
    • (2009)
  • 52
    • 70350026173 scopus 로고    scopus 로고
    • Developments in Repo Markets During the Financial Turmoil
    • December, Available at
    • Hordahl, Peter, and Michael R. King. "Developments in Repo Markets During the Financial Turmoil." BIS Quarterly Review, December 2008, pp. 37-52. Available at www.bis.org/publ/qtrpdf/r_qt0812e.pdf.
    • (2008) BIS Quarterly Review , pp. 37-52
    • Hordahl, P.1    King, M.R.2
  • 53
    • 84924161033 scopus 로고    scopus 로고
    • Wachovia's End
    • October 13, Available at
    • Horwitz, Jeff. "Wachovia's End." American Banker, October 13, 2009. Available at http://www.americanbanker.com/news/wachovias_end-1002613-1.html.
    • (2009) American Banker
    • Horwitz, J.1
  • 54
    • 0003110004 scopus 로고
    • Limited Liability and Incentive Contracting with Ex-Ante Choices
    • Innes, Robert. "Limited Liability and Incentive Contracting with Ex-Ante Choices." Journal of Economic Theory 52, no. 1 (1990): 45-67.
    • (1990) Journal of Economic Theory , vol.52 , Issue.1 , pp. 45-67
    • Innes, R.1
  • 55
    • 77951456428 scopus 로고    scopus 로고
    • User's Guide to the 2004 ISDA Novation Definitions
    • ISDA technical document, New York
    • International Swaps and Derivatives Association (ISDA). "User's Guide to the 2004 ISDA Novation Definitions." ISDA technical document, New York, 2004.
    • (2004)
  • 56
    • 77951534146 scopus 로고    scopus 로고
    • ISDA Margin Survey 2009
    • ISDA technical document, New York
    • International Swaps and Derivatives Association (ISDA). "ISDA Margin Survey 2009." ISDA technical document, New York, 2009.
    • (2009)
  • 57
    • 84883924741 scopus 로고    scopus 로고
    • The Bankruptcy Code Swap Safe Harbor Overview
    • ISDA, New York, January
    • International Swaps and Derivatives Association (ISDA). "The Bankruptcy Code Swap Safe Harbor Overview." ISDA, New York, January 2010.
    • (2010)
  • 58
    • 84883931026 scopus 로고    scopus 로고
    • Independent Amounts
    • Technical report, International Swaps and Derivatives Association, Managed Funds Association, and Securities Industry and Financial Markets Association, October
    • ISDA, MFA, and SIFMA. "Independent Amounts." Technical report, International Swaps and Derivatives Association, Managed Funds Association, and Securities Industry and Financial Markets Association, October 2009.
    • (2009)
  • 59
    • 84882402755 scopus 로고    scopus 로고
    • Chapter 11F: A Proposal for the Use of Bankruptcy to Resolve Financial Institutions
    • Kenneth Scott and John Taylor, eds., Stanford: Hoover Press
    • Jackson, Thomas H. "Chapter 11F: A Proposal for the Use of Bankruptcy to Resolve Financial Institutions." Pp. 217-52 in Kenneth Scott and John Taylor, eds., Ending Government Bailouts as We Know Them. Stanford: Hoover Press, 2010.
    • (2010) Ending Government Bailouts as We Know Them , pp. 217-252
    • Jackson, T.H.1
  • 60
    • 84884061525 scopus 로고    scopus 로고
    • Bankruptcy, Banks, and Non-Bank Financial Institutions
    • Draft prepared for Wharton Financial Institutions Center Workshop, "Cross-Border Issues in Resolving Systemically Important Financial Institutions," February 8
    • Jackson, Thomas H., and David A. Skeel. "Bankruptcy, Banks, and Non-Bank Financial Institutions." Draft prepared for Wharton Financial Institutions Center Workshop, "Cross-Border Issues in Resolving Systemically Important Financial Institutions," February 8, 2010.
    • (2010)
    • Jackson, T.H.1    Skeel, D.A.2
  • 61
    • 44649197264 scopus 로고
    • Theory of the Firm: Managerial Behavior, Agency Costs, and Ownership Structure
    • Jensen, Michael, and William Meckling. "Theory of the Firm: Managerial Behavior, Agency Costs, and Ownership Structure." Journal of Financial Economics 3, no. 4 (1976): 305-60.
    • (1976) Journal of Financial Economics , vol.3 , Issue.4 , pp. 305-360
    • Jensen, M.1    Meckling, W.2
  • 62
    • 0142157052 scopus 로고    scopus 로고
    • Integration of Lending and Underwriting: Implications of Scope Economies
    • Kanatas, George, and Jianping Qi. "Integration of Lending and Underwriting: Implications of Scope Economies." Journal of Finance 58, no. 3 (2003): 1167-91.
    • (2003) Journal of Finance , vol.58 , Issue.3 , pp. 1167-1191
    • Kanatas, G.1    Qi, J.2
  • 63
    • 84886103867 scopus 로고    scopus 로고
    • Fear, Rumors Touched Off Fatal Run on Bear Stearns
    • May 28, Available at
    • Kelly, Kate. "Fear, Rumors Touched Off Fatal Run on Bear Stearns." Wall Street Journal, May 28, 2008. Available at http://s.wsj.net/article/SB121193290927324603.html.
    • (2008) Wall Street Journal
    • Kelly, K.1
  • 66
    • 84924172130 scopus 로고    scopus 로고
    • The Evolution of U.S. Insolvency Law for Financial Market Contracts
    • June 13
    • Krimminger, Michael. "The Evolution of U.S. Insolvency Law for Financial Market Contracts." Federal Deposit Insurance Corporation, June 13, 2006.
    • (2006) Federal Deposit Insurance Corporation
    • Krimminger, M.1
  • 67
    • 84883968492 scopus 로고    scopus 로고
    • Expanding FDIC-Style Resolution Authority
    • Kenneth Scott and John Taylor, eds., Stanford: Hoover Press
    • Kroener, William. "Expanding FDIC-Style Resolution Authority." Pp. 179-88 in Kenneth Scott and John Taylor, eds., Ending Government Bailouts as We Know Them. Stanford: Hoover Press, 2010.
    • (2010) Ending Government Bailouts as We Know Them , pp. 179-188
    • Kroener, W.1
  • 68
    • 77950832356 scopus 로고    scopus 로고
    • Changing Post-Trading Arrangements for OTC Derivatives
    • December
    • Ledrut, Elisabeth, and Christian Upper. "Changing Post-Trading Arrangements for OTC Derivatives." BIS Quarterly Review (December 2007): 83-95.
    • (2007) BIS Quarterly Review , pp. 83-95
    • Ledrut, E.1    Upper, C.2
  • 69
    • 84884107102 scopus 로고    scopus 로고
    • Notice of Debtors' Motion for an Order Pursuant to Sections 105 and 365 of the Bankruptcy Code to Establish Procedures for the Settlement or Assumption and Assignment of Prepetition Derivative Contracts Fed Seeks End to Wall Street Lock on OTC Derivatives
    • Docket Number 1498, November 13, 2008. U.S. Bankruptcy Court for the Southern District of New York
    • Lehman Bankruptcy Docket. a. "Notice of Debtors' Motion for an Order Pursuant to Sections 105 and 365 of the Bankruptcy Code to Establish Procedures for the Settlement or Assumption and Assignment of Prepetition Derivative Contracts Fed Seeks End to Wall Street Lock on OTC Derivatives." Docket Number 1498, November 13, 2008. U.S. Bankruptcy Court for the Southern District of New York (http://www.nysb.uscourts.gov).
  • 70
    • 77951461460 scopus 로고    scopus 로고
    • Order Pursuant to Sections 105 and 365 of the Bankruptcy Code to Establish Procedures for the Settlement or Assumption and Assignment of Prepetition Derivative Contracts
    • Docket Number 2257, December 16
    • Lehman Bankruptcy Docket. b. "Order Pursuant to Sections 105 and 365 of the Bankruptcy Code to Establish Procedures for the Settlement or Assumption and Assignment of Prepetition Derivative Contracts." Docket Number 2257, December 16, 2008.
    • (2008)
  • 71
    • 77951450537 scopus 로고    scopus 로고
    • Fed Seeks End to Wall Street Lock on OTC Derivatives
    • May 6, Available at
    • Leising, Matthew. "Fed Seeks End to Wall Street Lock on OTC Derivatives." Bloomberg.com, May 6, 2009. Available at www.bloomberg.com/apps/news?pid=20601087&sid=adyRr4PP035U.
    • (2009) Bloomberg.com
    • Leising, M.1
  • 72
    • 0000140435 scopus 로고
    • Informational Asymmetries, Financial Structure, and Financial Intermediation
    • Leland, Hayne, and David Pyle. "Informational Asymmetries, Financial Structure, and Financial Intermediation." Journal of Finance 32, no. 2 (1977): 371-87.
    • (1977) Journal of Finance , vol.32 , Issue.2 , pp. 371-387
    • Leland, H.1    Pyle, D.2
  • 73
    • 70350475781 scopus 로고    scopus 로고
    • Are Bad Banks the Solution to a Banking Crisis?
    • Unpublished paper, Cornell University, SNS Occasional Paper Number 82, Available at
    • Macey, Jonathan. "Are Bad Banks the Solution to a Banking Crisis?" Unpublished paper, Cornell University, SNS Occasional Paper Number 82, 1999. Available at http://ideas.repec.org/a/eee/jfinec/v54y1999i2p133-163.html.
    • (1999)
    • Macey, J.1
  • 74
    • 77951493069 scopus 로고    scopus 로고
    • Lehman Collapse Puts Prime Broker Model in Question
    • September 24, Available at
    • Mackintosh, James. "Lehman Collapse Puts Prime Broker Model in Question." Financial Times, September 24, 2008. Available at www.ft.com/cms/s/0/442f0b24-8a71-11dd-a76a-0000779fd18c.html.
    • (2008) Financial Times
    • Mackintosh, J.1
  • 75
    • 84883996742 scopus 로고    scopus 로고
    • Citigroup Goes It Alone to Rescue SIVs
    • December 13, Available at
    • Moyer, Liz. "Citigroup Goes It Alone to Rescue SIVs." Forbes, December 13, 2007. Available at www.forbes.com/2007/12/13/citisiv-bailout-markets-equity-cx_lm_1213markets47.html.
    • (2007) Forbes
    • Moyer, L.1
  • 76
    • 0000485544 scopus 로고
    • The Capital Structure Puzzle
    • Myers, Stewart. "The Capital Structure Puzzle." Journal of Finance 39, no. 4 (1977): 575-592.
    • (1977) Journal of Finance , vol.39 , Issue.4 , pp. 575-592
    • Myers, S.1
  • 77
    • 84924156248 scopus 로고    scopus 로고
    • Report to the Supervisors of the Major OTC Derivatives Dealers on the Proposals of Centralized CDS Clearing Solutions for the Segregation and Portability of Customer CDS Positions and Related Margin
    • June 30
    • New York Federal Reserve Bank. "Report to the Supervisors of the Major OTC Derivatives Dealers on the Proposals of Centralized CDS Clearing Solutions for the Segregation and Portability of Customer CDS Positions and Related Margin." New York Federal Reserve, June 30, 2009.
    • (2009) New York Federal Reserve
  • 78
    • 77951446276 scopus 로고    scopus 로고
    • OCC's Quarterly Report on Bank Trading and Derivatives Activities: Second Quarter 2009
    • Technical report, US Department of the Treasury, Washingon, D.C., second quarter
    • Office of the Comptroller of the Currency. "OCC's Quarterly Report on Bank Trading and Derivatives Activities: Second Quarter 2009." Technical report, US Department of the Treasury, Washingon, D.C., second quarter, 2009.
    • (2009)
  • 79
    • 84884117525 scopus 로고    scopus 로고
    • Task Force on Tri-Party Repo Infrastructure Progess Report
    • New York, December 22
    • Payments Risk Committee. "Task Force on Tri-Party Repo Infrastructure Progess Report." New York, December 22, 2009.
    • (2009)
  • 80
    • 84859365605 scopus 로고    scopus 로고
    • Risk, Reward and Responsibility: The Financial Sector and Society
    • Technical report, VOX, December, Available at
    • Portes, Jonathan. "Risk, Reward and Responsibility: The Financial Sector and Society." Technical report, VOX, December 2009. Available at www.voxeu.org/index.php?q=node/4417.
    • (2009)
    • Portes, J.1
  • 81
    • 77952997057 scopus 로고    scopus 로고
    • Bank Stability and Market Discipline: Debt-for-Equity Swap versus Subordinated Notes
    • Technical report, Brandeis University, August 13
    • Raviv, Alon. "Bank Stability and Market Discipline: Debt-for-Equity Swap versus Subordinated Notes." Technical report, Brandeis University, August 13, 2004.
    • (2004)
    • Raviv, A.1
  • 82
    • 84883928238 scopus 로고    scopus 로고
    • Rule 15c3-3: Reserve Requirements for Margin Related to Security Futures Products
    • 17 CFR Parts 200 and 240 [Release No. 34-50295; File No. S7-34-02] RIN 3235-AI61
    • Securities and Exchange Commission. "Rule 15c3-3: Reserve Requirements for Margin Related to Security Futures Products." 17 CFR Parts 200 and 240 [Release No. 34-50295; File No. S7-34-02] RIN 3235-AI61, 2002.
    • (2002)
  • 83
    • 84883934966 scopus 로고    scopus 로고
    • Lehman Creditors in Fight to Recover Collateral
    • June 21, Available at
    • Sender, Henny. "Lehman Creditors in Fight to Recover Collateral." Financial Times, June 21, 2009. Available at www.ft.com/cms/s/0/909ba63c-5e99-11de-91ad-00144feabdc0.html.
    • (2009) Financial Times
    • Sender, H.1
  • 84
    • 77951437602 scopus 로고    scopus 로고
    • Deleveraging after Lehman- Evidence from Reduced Rehypothecation
    • Unpublished. Working Paper WP/09, International Monetary Fund
    • Singh, Manmohan, and James Aitken. "Deleveraging after Lehman- Evidence from Reduced Rehypothecation." Unpublished. Working Paper WP/09, International Monetary Fund, 2009.
    • (2009)
    • Singh, M.1    Aitken, J.2
  • 85
    • 0011568456 scopus 로고
    • Markets, Courts, and the Brave New World of Bankruptcy Theory
    • Skeel, David A. "Markets, Courts, and the Brave New World of Bankruptcy Theory." Wisconsin Law Review 2 (1993): 465-521.
    • (1993) Wisconsin Law Review , vol.2 , pp. 465-521
    • Skeel, D.A.1
  • 86
    • 84884098867 scopus 로고    scopus 로고
    • Squam Lake Working Group on Financial Regulation, The Squam Lake Report: Fixing the Financial System. Princeton, Princeton University Press
    • Squam Lake Working Group on Financial Regulation. The Squam Lake Report: Fixing the Financial System. Princeton, Princeton University Press, 2010.
    • (2010)
  • 87
    • 84884056567 scopus 로고    scopus 로고
    • Lessons Learned from the Lehman Bankruptcy
    • Kenneth Scott and John Taylor, eds., Stanford: Hoover Press
    • Summe, Kimberly. "Lessons Learned from the Lehman Bankruptcy." Pp. 59-105 in Kenneth Scott and John Taylor, eds., Ending Government Bailouts as We Know Them. Stanford: Hoover Press, 2010.
    • (2010) Ending Government Bailouts as We Know Them , pp. 59-105
    • Summe, K.1
  • 88
    • 77951450188 scopus 로고    scopus 로고
    • Banking Crisis: Lehman Brothers: J. P. Morgan Accused over Bank's Downfall
    • October 6, Available at
    • Teather, David. "Banking Crisis: Lehman Brothers: J. P. Morgan Accused over Bank's Downfall." The Guardian, October 6, 2008. Available at http://www.guardian.co.uk/business/2008/oct/06/jpmorgan.lehmanbrothers.
    • (2008) The Guardian
    • Teather, D.1
  • 90
    • 84883977794 scopus 로고    scopus 로고
    • Shadow Banking, Capital Markets and Financial Stability
    • London, January 21, Available at
    • Tucker, Paul. "Shadow Banking, Capital Markets and Financial Stability." Speech delivered at BGC Partners Seminar, London, January 21, 2010. Available at www.bankofengland.co.uk/publications/speeches/2010/speech420.pdf.
    • (2010) Speech delivered at BGC Partners Seminar
    • Tucker, P.1
  • 91
    • 84924198746 scopus 로고    scopus 로고
    • Systemic Risk and the Tri-Party Repo Clearing Banks
    • New York, February
    • Tuckman, Bruce. "Systemic Risk and the Tri-Party Repo Clearing Banks." Center For Financial Stability, New York, February 2010.
    • (2010) Center For Financial Stability
    • Tuckman, B.1
  • 92
    • 84883979937 scopus 로고    scopus 로고
    • Shareholder Report on UBS's Writedowns
    • UBS, Zurich, April 18
    • UBS. "Shareholder Report on UBS's Writedowns." UBS, Zurich, April 18, 2008.
    • (2008)
  • 93
    • 80053610734 scopus 로고    scopus 로고
    • Report of Anton R. Valukas, Examiner
    • Debtors, March
    • Valukas, Anton. "Report of Anton R. Valukas, Examiner." Vol. 4, In re Lehman Brothers Holdings Inc., Debtors, March 2010.
    • (2010) Re Lehman Brothers Holdings Inc , vol.4
    • Valukas, A.1
  • 94
    • 0010921021 scopus 로고    scopus 로고
    • The Impact of a Dealer's Failure on OTC Derivatives Market Liquidity during Volatile Periods
    • Working paper 96-6, Federal Reserve Bank of Atlanta, Georgia
    • Wall, Larry D., Ellis W. Tallman, and Peter A. Abken. "The Impact of a Dealer's Failure on OTC Derivatives Market Liquidity during Volatile Periods." Working paper 96-6, Federal Reserve Bank of Atlanta, Georgia, 1996.
    • (1996)
    • Wall, L.D.1    Tallman, E.W.2    Abken, P.A.3
  • 95
    • 84884014519 scopus 로고    scopus 로고
    • Hedge Fund Ranking Reveals Nasty Scars from Financial Crisis
    • March 8
    • Williamson, Christine. "Hedge Fund Ranking Reveals Nasty Scars from Financial Crisis." Pensions and Investments, March 8, 2010.
    • (2010) Pensions and Investments
    • Williamson, C.1
  • 96
    • 77951447020 scopus 로고    scopus 로고
    • Credit Default Swaps: Market, Systemic, and Individual Firm Risks in Practice
    • Moody's Finance and Securities, Investor Report, Special Comment, Moody's Investor Services, October
    • Yavorsky, Alexander. "Credit Default Swaps: Market, Systemic, and Individual Firm Risks in Practice." Moody's Finance and Securities, Investor Report, Special Comment, Moody's Investor Services, October 2008.
    • (2008)
    • Yavorsky, A.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.