Banking Scope and Financial Innovation
研究不同金融体系设计（如美国的功能分离银行与德国的全能银行）的利弊，帮助理解业务范围对金融创新的影响。
Abstract We study the implications of alternative designs of the finaancial system with a view to improving our understanding of the pros and cons of functionally separated banking (the U.S. system, for example) vis-à-vis universal banking (the German system, for example).