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The separation of banking and commerce

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  • John Krainer

Abstract

In the wake of the passage of the Gramm-Leach-Bliley Act, the separation of banking from commercial activity is now one of the few remaining pieces of Depression-era banking law. In this article I explore the incentives that banks and commercial firms might have to affiliate. I also outline some of the reasons why legislators might be hesitant to permit such affiliations.
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • John Krainer, 1998. "The separation of banking and commerce," FRBSF Economic Letter, Federal Reserve Bank of San Francisco, issue jul3.
    • Handle: RePEc:fip:fedfel:y:1998:i:jul3:n:98-21
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    File URL: https://www.frbsf.org/research-and-insights/publications/economic-letter/1998/07/separation-banking-commerce/
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    Cited by:

    1. Hsin-Yu Liang & Alan K. Reichert & Larry D. Wall, 2008. "The final frontier : the integration of banking and commerce. Part 1, the likely outcome of eliminating the barrier," Economic Review, Federal Reserve Bank of Atlanta, vol. 93(1).
    2. Stefan ARPING, 2000. "Banking, Commerce, and Antitrust," Cahiers de Recherches Economiques du Département d'économie 00.22, Université de Lausanne, Faculté des HEC, Département d’économie, revised May 2002.
    3. Tatiana Damjanovic & Vladislav Damjanovic & Charles Nolan, 2020. "Default, Bailouts and the Vertical Structure of Financial Intermediaries," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 38, pages 154-180, October.
    4. John R. Walter, 2003. "Banking and commerce : tear down this wall?," Economic Quarterly, Federal Reserve Bank of Richmond, vol. 89(Spr), pages 7-31.
    5. Howard Tenenbaum, 2021. "What is hiding behind the money accumulating in Utah?," Environment and Planning A, , vol. 53(8), pages 1879-1895, November.
    6. Sanjay Banerji & Andrew Chen & Sumon Mazumdar, 2002. "Universal Banking Under Bilateral Information Asymmetry," Journal of Financial Services Research, Springer;Western Finance Association, vol. 22(3), pages 169-187, December.
    7. James R. Barth & Tong Li & Apanard Angkinand & Yuan‐Hsin Chiang & Li Li, 2012. "Industrial Loan Companies: Where Banking and Commerce Meet," Financial Markets, Institutions & Instruments, John Wiley & Sons, vol. 21(1), pages 1-69, February.
    8. Barth, James R. & Sun, Yanfei, 2020. "Industrial banks: Challenging the traditional separation of commerce and banking," The Quarterly Review of Economics and Finance, Elsevier, vol. 77(C), pages 220-249.

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