The Plight of Modern Markets: How Universal Banking Undermines Capital Markets
(2016)
Journal Article
Sissoko, C. (2017). The Plight of Modern Markets: How Universal Banking Undermines Capital Markets. Economic Notes, 46(1), 53-104. https://doi.org/10.1111/ecno.12071
© 2016 Banca Monte dei Paschi di Siena SpA This paper explains the process of competitive deregulation that led both the US and the UK to embrace universal banking and to abandon the functional separation of financial activities that had long charact... Read More about The Plight of Modern Markets: How Universal Banking Undermines Capital Markets.