Efectos de la Ley Glass-Steagall en los mercados financieros: origen y derogación

Effects of the Glass-Steagall Act on Financial Markets: Origin and Repeal

Andrés Felipe Arévalo Arévalo

Econógrafos, Escuela de Economía from Universidad Nacional de Colombia, FCE, CID

Abstract: Banking has positioned itself as a fundamental pillar of contemporary economies as regulations in this sector determine not only its direction but also that of other sectors of the economy that will be widely influenced. In this way, the Glass-Steagall Act becomes one of the most important exponents of banking regulation. In this text, the GSA and its effects on the financial system are analyzed. To this end, its origin, implementation and repeal are examined. From which, its relevance in the international financial markets will be questioned. By means of an exhaustive bibliographical review and a series of individual analyses, it is concluded that the repeal of the LGSwas a turning point in financial regulation regulations and contributed to the subsequent development of financial crises, such as the 2007-2008 crisis.

Keywords: Glass-Steagall Act; bank separation; financial crisis; economic depression; financial markets; banking regulation (search for similar items in EconPapers)
JEL-codes: B27 G18 G28 (search for similar items in EconPapers)
Pages: 15
Date: 2019-08
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Published in Econografos

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Persistent link: https://EconPapers.repec.org/RePEc:col:000176:022730

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