| Description |
1 online resource : charts |
| Contents |
The advent of a new banking system in the US: financial deregulation in the 1980s / João Rafael Cunha -- Financial deregulation in the United Kingdom / Forrest Capie -- Drivers of financial deregulation in Japan / Eiji Hotori -- Removing obstacles to integration: the European way to deregulation / Alexis Drach -- Fifty years of financial regulation in Germany / Christoph Kaserer -- Financial deregulation in France: a French 'Big Bang'? (1984-1990) / Olivier Feiertag -- Deregulation, regulatory convergence, or escaping from inefficiency?: the Italian financial system in the 1970s-1980s / Giandomenico Piluso -- EU bank regulation after the Great Financial Crisis: swinging the regulatory pendulum into a new paradigm / Agnieszka Smoleńska |
| Summary |
"A wave of liberalization swept the end of the twentieth century. From the 1970s and 1980s onwards, most developed countries have passed various measures to liberalize and 'modernize' the financial markets. Each country had its agenda, but most of them have experienced, to a different extent, a change in regulatory regime. This change, often labelled deregulation and associated with the advent of neoliberalism, was sharply contrasting with the previous era, the Bretton Woods system, which has sometimes been portrayed as an era of 'financial repression'. On the other hand, a quick glance at financial regulation today, at the amount of paper it produces, at its complexity, at the number of people involved, and at the resources invested in it, is enough to say that, somehow, there is more regulation today than ever before. In the new system, financial regulation has taken unprecedented importance. As more archival material is becoming available, a better understanding of the fundamental changes in the regulatory environment towards the end of the twentieth century is now possible. What kind of change exactly was deregulation? Did competition between financial regulators lead to a 'race to the bottom' in regulation? Is deregulation responsible for the recurring financial crises which seem to have characterized the international financial system since the 1980s? The movement towards a more liberal regulatory regime was neither linear nor simple. This book--a collection of chapters studying deregulation in various countries and contexts--examines the national and international pathways of deregulation by providing an in-depth analysis of a short but crucial period in a few major countries"--Publisher's description |
| Bibliography |
Includes bibliographical references and index |
| Notes |
Description based on online resource; title from PDF title page (Oxford Scholarship Online, viewed on September 16, 2021) |
| Subject |
Financial services industry -- Deregulation
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Neoliberalism -- Economic aspects
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Financial institutions -- Law and legislation.
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Financial institutions -- History -- 20th century
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Financial institutions
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Financial institutions -- Law and legislation
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Financial services industry -- Deregulation
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| Genre/Form |
Electronic books
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History
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| Form |
Electronic book
|
| Author |
Drach, Alexis, editor.
|
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Cassis, Youssef, editor.
|
| ISBN |
9780192598967 |
|
0192598961 |
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9780192598950 |
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0192598953 |
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