The separation of banking and commerce
探讨银行与商业企业关联的激励因素，以及立法者为何可能不愿允许这种关联，对理解金融监管历史与政策有参考价值。
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. 1.