The advent of a new banking system in the U.S. Financial deregulation in the 1980s

    Research output: Working paperDiscussion paper

    Abstract

    In this chapter, I argue that the deregulatory process that started in the 1980s in the banking industry in the United States has changed the profile of this sector. Between the Great Depression and the 1980s, the banking sector in the United States was a stable, yet not competitive sector. The financial deregulation of the 1980s changed this sector to a competitive, yet unstable one. This deregulatory process occurred mostly as a response to the economic conditions of the 1970s.
    Original languageEnglish
    Place of PublicationSt Andrews
    PublisherUniversity of St Andrews
    Pages1-42
    Number of pages42
    Publication statusPublished - 3 Aug 2020

    Publication series

    NameSchool of Economics and Finance Discussion Paper
    PublisherUniversity of St Andrews
    No.2003
    ISSN (Print)0962-4031
    ISSN (Electronic)2055-303X

    Keywords

    • Financial regulation
    • Deregulation
    • United States banks

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