The state and the financial services revolution: A comparative analysis
- 1 July 1994
- journal article
- research article
- Published by Taylor & Francis in West European Politics
- Vol. 17 (3) , 158-177
- https://doi.org/10.1080/01402389408425034
Abstract
The creation of a single European market in financial services is a small part of a bigger story: the financial services revolution in the leading financial centres of the advanced capitalist world. A revolution usually pictured in the language of deregulation is in reality something very different: a series of seismic changes in regulatory structures caused by the combined ambitions of corporate actors and national governments. Regulation is driven both by struggles for competitive advantage and by the pressures of democratic politics. The result is a regulatory system which is highly unstable.Keywords
This publication has 3 references indexed in Scilit:
- The ‘Little Big Bang’ in Paris: financial market deregulation in a dirigiste systemEuropean Journal of Political Research, 1989
- The Political Economy of International RelationsPublished by Walter de Gruyter GmbH ,1987
- Protecting capital from itself: U.S. attempts to regulate the Eurocurrency systemInternational Organization, 1984