Journal article
Regulatory foundations of financialisation: May Day, Big Bang and international banking 1975-1990
- Abstract:
- From the 1970s to the 1990s there was a revolution in international financial markets, which combined the processes of financialisation and globalisation. Deregulation and financial innovation were the two underlying forces that facilitated this transformation. At the same time distinctive national characteristics of banking structures and cultures influenced the way that financial globalisation affected the geographic distribution of financial activity. This article addresses these seismic shifts through three perspectives: changes in regulation and the geographic pattern of international banking activity, reform of the main stock markets in New York and London and the rise of financial conglomerates. It identifies complementarity as well as competition among international financial centres.
- Publication status:
- Published
- Peer review status:
- Peer reviewed
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- Files:
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(Preview, Accepted manuscript, 645.5KB, Terms of use)
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- Publisher copy:
- 10.1017/S0968565020000189
Authors
- Publisher:
- Cambridge University Press
- Journal:
- Financial History Review More from this journal
- Volume:
- 27
- Issue:
- 3
- Pages:
- 397 - 417
- Publication date:
- 2020-11-10
- Acceptance date:
- 2020-09-10
- DOI:
- EISSN:
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1474-0052
- ISSN:
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0968-5650
- Language:
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English
- Keywords:
- Pubs id:
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1132191
- Local pid:
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pubs:1132191
- Deposit date:
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2020-09-14
Terms of use
- Copyright holder:
- Schenk.
- Copyright date:
- 2020
- Rights statement:
- © The Author(s), 2020. Published by Cambridge University Press on behalf of the European Association for Banking and Financial History
- Notes:
- This is the accepted manuscript version of the article. The final version is available from Cambridge University Press at: https://doi.org/10.1017/S0968565020000189
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