Neal, Larry; White, Eugene N. - In: The Quarterly Review of Economics and Finance 52 (2012) 2, pp. 104-113
Implementation of Volcker's Rule requires a historical perspective on the original Glass–Steagall Act of 1933 that separated commercial banking from investment banks in the United States. Like the Dodd-Frank legislation, the Banking Act of 1933 was passed before full analysis of the financial...