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The 1980s revolution… A financial universe liberalized
The
competitive and regulatory environment of banks is shattered
form the 1080s. This phenomenon, which started in the United
States in the 1970s, has then reached the other industrialized
countries, although it was quiet late for Germany and Japan.
It has finally reached emerging countries, at a more or less
rapid rate in the 1990s. From that time banks have been facing
unprecedented challenges and they have to... read
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The Consolidation of Banking Systems
The search of an increased allocative efficiency and a bigger
productive efficiency of banking systems has inspired the deregulation
and the introduction of several financial innovations in the
1980s.
The forces of competition have then been liberated within the
banking systems which had almost forgotten them since the 1930.
The combining of innovations... read
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