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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
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 ...