In the aftermath of the financial crisis of 20072009, there were calls to reinstate the separation of

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In the aftermath of the financial crisis of 2007–2009, there were calls to reinstate the separation of commercial and investment banking activities that was removed with the repeal of the Glass-Steagall Act, but this did not happen. What might be some of the benefits and shortcomings of segmenting financial activities for reducing systemic risk?

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Money Banking And Financial Markets

ISBN: 9781260226782

6th Edition

Authors: Stephen Cecchetti, Kermit Schoenholtz

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