National and International Money: Restructuring British Financial Institutions

Glenn Morgan and Andrew Sturdy

Chapter 3 in Beyond Organizational Change, 2000, pp 72-117 from Palgrave Macmillan

Abstract: Abstract In this chapter, we examine how a range of social, political and economic changes in Britain associated with its location in the wider international political economy impacted on the structure and organization of financial institutions. These changes made it increasingly difficult to sustain the structure of the system which was described in the previous chapter. They began to undermine the network of social and economic linkages which held each type of financial institution in its place within the hierarchy of functions managed and ordered primarily through the Bank of England. The ability of the Bank to maintain the structure of incentives and controls which had ensured the reproduction of this hierarchy declined as new actors and dynamics emerged.

Keywords: Financial Institution; Financial Service; Home Ownership; Service Class; Pension Scheme (search for similar items in EconPapers)
Date: 2000
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-80005-2_3

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DOI: 10.1057/9780230800052_3

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