In the aftermath of the financial crisis of 20072009, there were calls to reinstate the separation of
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In the aftermath of the financial crisis of 2007–2009, there were calls to reinstate the separation of commercial and investment banking activities that was removed with the repeal of the Glass-Steagall Act, but this did not happen. What might be some of the benefits and shortcomings of segmenting financial activities for reducing systemic risk?
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The separation of commercial and investment banking activities as mandated by the GlassSteagall Act was intended to prevent conflicts of interest reduce systemic risk and protect depositors funds Rein...View the full answer
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Related Book For 
Money Banking And Financial Markets
ISBN: 9781260226782
6th Edition
Authors: Stephen Cecchetti, Kermit Schoenholtz
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