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

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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.
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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

    Research areas

  • Financial regulation, Deregulation, United States banks

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