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 ...
Get Contemporary Financial Intermediation, 2nd Edition now with the O’Reilly learning platform.
O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.
