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Multifunctional Banking and Financial Fragility: What Should Banks Do?
This dissertation traces the evolution of the U.S. banking system since the 1980s with a specific focus on the role of the relaxation and eventual repeal of Glass-Steagall Act (GSA) on the stability of the financial ...
The evolution of the U.S. financial architecture, asset prices, and the role of fiscal and monetary policy
(University of Missouri--Kansas City, 2012-06-15)
In the past years there has been increasing interest in shadow banking institutions. Economists identified the shadow banking system at the core of the 2007-2008 Global Financial Crisis and it was a key component of the ...