The Separation of Commercial and Investment Banking: The Glass-Steagall ACT Revisited and Reconsidered
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The 1933 passage of the Glass-Steagall Act by Congress has profoundly effected the way banking has been conducted in the United States. Designed to prevent the kinds of bank failures that resulted from the Crash of 1929 and the Great Depression that followed, the Act made it illegal for commercial banks to engage in investment banking, and for investment banks to engage in commercial banking. This study explores the reasons for the passage of the...
Format:Hardcover
Language:English
ISBN:0195208307
ISBN13:9780195208306
Release Date:August 1990
Publisher:Oxford University Press, USA
Length:276 Pages
Weight:0.95 lbs.
Dimensions:0.8" x 5.7" x 8.8"
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