Winners and Losers as Financial Service Providers Converge: Evidence from the Financial Modernization Act of 1999

The Financial Modernization Act of 1999 dramatically increased insurers’ and investment banks’ authority to provide an array of financial services and allowed commercial banks to offer investment banking and insurance services. In this paper we examine the market response to this legislation. We fin...

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Veröffentlicht in:	The Financial review (Buffalo, N.Y.) N.Y.), 2002-02, Vol.37 (1), p.53-72
Hauptverfasser:	Hendershott, Robert J., Lee, Darrell E., Tompkins, James G.
Format:	Artikel
Sprache:	eng
Schlagworte:	Commercial banks Convergence Deregulation Effects Financial services Financial Services Modernization Act 1999-US Glass-Steagall Investment banking Modernization Rates of return Studies
Online-Zugang:	Volltext
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