Glass-Steagall and the regulatory dialectic

Joao Santos

Economic Commentary, 1996, issue Feb

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 (search for similar items in EconPapers)
Date: 1996
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