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The Separation of Commercial and Investment Banking

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1999

The stock pools and the Securities Exchange Act1I thank two anonymous referees, the editor, William Schwert, and George Benston, Mary Anne Case, Robert Conroy, Mike Dooley, Stuart Gilson, Bruce Johnsen, Ed Kitch, Julia Mahoney, Ed McCafferey, Roberta Romano, Jeff Strnad, Steve Thel, Mark Weinstein, and workshop participants at the University of Virginia School of Law, the University of Southern California Law School, Stanford Law School, New York University Law School, and the American Law and Economics Association for helpful comments and discussion. The University of Virginia Bankard Fund for Political Economy provided financial assistance.1

54 cited

1995The Entry of Commercial Banks into the Securities Business: A Selective Survey of Theories and Evidence. 151 cited

1997Organization Structure and Credibility: Evidence from Commercial Bank Securities Activities Before the Glass-Steagall Act50 cited