March 2007
Intermediate to advanced
672 pages
23h 34m
English
Content preview from Contemporary Financial Intermediation, 2nd Edition
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CHAPTER 15 Investment Banking
“I maintain that the Money Market is as concrete and real as anything else; that it can be described in plain words; that it is the writer’s fault if what he says is not clear.”
Walter Bagehot (1873)
Glossary of Terms
Gramm-Leach-Bliley Act: The 1999 act that dismantled the Glass-Steagall act restrictions separating commercial and investment banking (see Chapter 12).
QAT: Qualitative Asset Transformation (see Chapters 2 and 3).
SPE or SPV: Special Purpose Entity or Special Purpose Vehicle, a structure used for off-balance sheet transactions.
Introduction
With the passage of the Gramm-Leach-Bliley legislation of 1999 and the accompanying dismantling of the Glass-Steagall Act, spatial and functional integration ...
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