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Remarks at the Committee on International Monetary Law of the International Law Association Meeting, Madrid, Spain.
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Remarks at the Committee on International Monetary Law of the International Law Association Meeting, Madrid, Spain.
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This paper reviews the literature on the effects of combining banking and nonbank financial activities on banking organizations' risk and return. In general, securities activities, insurance agency, and insurance underwriting are all riskier and more profitable than banking activities. They also...
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