Journal Article

Glass-Steagall and the regulatory dialectic


Abstract: An explanation of how the Glass-Steagall Act, passed to prohibit U.S. commercial banks from engaging in investment banking activities, has led to the same costly cat-and-mouse game between banks and their regulators as did the prohibition against interstate banking, and an argument that lawmakers should consider banks' incentives when crafting new regulations.

Keywords: Banking Act of 1933;

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Bibliographic Information

Provider: Federal Reserve Bank of Cleveland

Part of Series: Economic Commentary

Publication Date: 1996

Issue: Feb

Order Number: 2