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|All Authors / Contributors:||
George J Benston
|Description:||1 vol (x-263 p.) ; 22 cm.|
|Contents:||Introduction to the Glass-Steagall Act; sources of information and their contents about pre-Glass-Steagall conditions and events; evidence on the risk of losses (safety and soundness); conflicts of interest and abuses related to commercial banks' securities operations directly or by and through securities affiliates; securities services as an improper commercial banking activity; restraints on competition as an explanation for the Glass-Steagall Act; concern for commercial banks' federal "safety net"; unfair competition; concentration of power and less-than-competitive performance; universal banking - advantages and disadvantages; other reasons for the introduction and passage of the Glass-Steagall Act. Appendix: securities activities of banking organizations permissible under Federal law.|
|Series Title:||Studies in banking and international finance; Studies in banking and international finance.|
|Responsibility:||George J. Benston.|