摘要
格拉斯-斯蒂格尔法案颁布于1933年,旨在应对20世纪20至30年代的银行危机,将投资银行和商业银行业务严格地划分开。1999年生效的格雷姆-里奇-比利雷法案废除了上述法案的部分条款。此后,金融危机爆发,一些人继而将危机的部分原因归咎于该法案的废除。然而事实证明并非如此。
The Glass-Steagall Act was enacted in 1933 in response to banking crises in the 1920s and early 1930s. It imposed the separation of commercial and investment banking. In 1999, Glass-Steagall was partially repealed by the Gramm-Leach-Bliley Act. When the United States suffered a severe financial crisis less than a decade later, some leapt to the conclusion that this repeal was at least partly to blame. However, the causes of financial crises--past, present, and future-lie elsewhere
出处
《金融市场研究》
2017年第2期127-136,共10页
Financial Market Research
