The French National Banks in the triple process of deregulation-financialization-globalization in the 1980's: the Société Générale (1978-1987)

Les banques nationales françaises dans le triple processus de déréglementation – financiarisation – mondialisation des années 1980: la Société Générale entre 1978 et 1987

Jean-Luc Mastin ()
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Jean-Luc Mastin: UP8 - Université Paris 8 Vincennes-Saint-Denis, IDHES - Institutions et Dynamiques Historiques de l'Économie et de la Société - UP1 - Université Paris 1 Panthéon-Sorbonne - UP8 - Université Paris 8 Vincennes-Saint-Denis - UPN - Université Paris Nanterre - UEVE - Université d'Évry-Val-d'Essonne - CNRS - Centre National de la Recherche Scientifique - ENS Paris Saclay - Ecole Normale Supérieure Paris-Saclay

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Abstract: How did the changes in the French financial system in the 1980s reflect in the strategies, activities and balance sheets of the three national banks, and Société Générale in particular? By linking the micro- and macro-economic levels and crossing the archives of the regulator and the regulated, we show how this bank was confronted with and actively participated in the processes of deregulation (decompartmentalisation of banking and finance, dismantling of the credit control), financialisation (disintermediation, development of financial activities), internationalisation (development of international activities from metropolitan France and in a foreign network), and financial and technological innovations. These changes have led to an increase in financial risks and the emergence of new risks, while the bank's internal control system was weakened.

Keywords: banking system; banking supervision; financial deregulation; globalization; financialization (search for similar items in EconPapers)
Date: 2024-07-30
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Published in Histoire, économie et société, 2024, 43e année (3), pp.90-124. ⟨10.3917/hes.243.0090⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-04873499

DOI: 10.3917/hes.243.0090

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