Corporate Control, Portfolio Choice, and the Decline of Banking
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In the last two decades U.S. banks have become systematically less profitable and riskier as nonbank competition has eroded the profitability of banks' traditional activities. Bank failures, insignificant from 1934, the date the Glass-Steagall Act was passed, until 1980, rose exponentially in the
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美国国家经济研究局创建时间：
1992-12-01
