Governmentality and Financial Services: Welfare Crises and the Financially Self-Disciplined Subject

David Knights

Chapter 10 in Regulation and Deregulation in European Financial Services, 1997, pp 216-235 from Palgrave Macmillan

Abstract: Abstract European financial services have experienced a dramatic change since the mid-1980s. The specific details of this change vary from country to country but the general thrust and direction of its impact are similar, taking the form of intensified competition of both a local and global nature. Much of this new competitive climate reflects global developments that, in part, may be attributed to floating currencies, the relaxation of exchange controls, and a proliferation of new more flexible financial instruments such as Eurobonds, futures, and derivatives (see Morgan, Chapter 1 in this volume). These developments in wholesale financial markets have established a trend that has found its counterpart in the retail sector of financial services across Europe, and indeed the rest of the world.

Keywords: Financial Institution; Financial Service; Moral Hazard; Financial Security; Financial Adviser (search for similar items in EconPapers)
Date: 1997
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-14000-8_11

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DOI: 10.1007/978-1-349-14000-8_11

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