Introduction

Glenn Morgan and David Knights

A chapter in Regulation and Deregulation in European Financial Services, 1997, pp 1-13 from Palgrave Macmillan

Abstract: Abstract During the 1980s and into the 1990s, the world economy has been fundamentally affected by a process of deregulation. The proponents of deregulation argue that releasing markets and economic actors from regulatory constraints can generate the levels of economic growth and productivity that seemed to have deserted Western economies during the 1970s and early 1980s. Led by the free market enthusiasms of Reagan in the USA and Thatcher in the UK, a range of initiatives were taken throughout the world to remove the hand of government from direct intervention in the market system and replace state control with various forms of indirect regulation.

Keywords: Financial System; Financial Institution; Financial Service; Credit Rating; Saving Bank (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_1

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DOI: 10.1007/978-1-349-14000-8_1

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