Banking and commerce: An overview of the public policy issues
1994; Elsevier BV; Volume: 18; Issue: 2 Linguagem: Inglês
10.1016/0378-4266(94)00034-4
ISSN1872-6372
Autores Tópico(s)Economic Theory and Policy
ResumoThis paper provides a broad overview of the public policy case for and against relaxing the historic separation between banking and commerce in the U.S. Important issues relating to economies of scope and scale, conflicts of interest and safety net exposure are identified. Nevertheless, in many cases evaluation of these issues is hindered by the absence of empirical evidence either from the U.S. or overseas.
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