Acknowledgements Introduction 1. Regulation, industrial structure, and instability in U.S. banking: an historical perspective 2. The origins of banking panics: models, facts, and bank regulation with Gary Gorton 3. The origins of federal deposit insurance with Eugene N. White 4. The costs of rejecting universal banking: American finance in the German mirror 5. The evolution of market structure, information, and spreads in American investment banking with Daniel M. G. Raff 6. Universal banking, 'American style' Indexes.
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