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Liberalisation and Consolidation: The Single European Market and the Remaking of European Financial Capital

Author

Listed:
  • A Leyshon

    (School of Geography and Earth Resources, University of Hull, Hull HU6 7RX, England)

  • N J Thrift

    (Department of Geography, University of Bristol, Bristol BS1 1SS, England)

Abstract

The European Community's attempts to restructure the European financial services sector, as part of the Single European Market programme, are examined. These attempts are seen to embody impulses towards the liberalisation and consolidation of the sector which are often at odds. The authors examine the state regulation of money and financial institutions, consider the chief tendencies towards liberalisation and the opposing tendencies towards consolidation, and speculate on the outcome of the programme, especially on the struggle between finance and financial capital models of state regulation of money and finance.

Suggested Citation

  • A Leyshon & N J Thrift, 1992. "Liberalisation and Consolidation: The Single European Market and the Remaking of European Financial Capital," Environment and Planning A, , vol. 24(1), pages 49-81, January.
    • Handle: RePEc:sae:envira:v:24:y:1992:i:1:p:49-81
    DOI: 10.1068/a240049
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    References listed on IDEAS

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    Cited by:

    1. A.J. Fielding, 1994. "Industrial Change and Regional Development in Western Europe," Urban Studies, Urban Studies Journal Limited, vol. 31(4-5), pages 679-704, May.
    2. Yusuf, Ismaila Akanni & Mesagan, Ekundayo Peter & Amadi, Agatha Nkem, 2020. "Effect of financial deepening on stock market returns: The case of military and democratic post-SAP regimes in Nigeria," BizEcons Quarterly, Strides Educational Foundation, vol. 6, pages 3-21.
    3. S Christopherson & R Hovey, 1996. "‘Fast Money’: Financial Exclusion in the Mexican Economic Adjustment Model," Environment and Planning A, , vol. 28(7), pages 1157-1177, July.
    4. T K Marsden & A Arce, 1995. "Constructing Quality: Emerging Food Networks in the Rural Transition," Environment and Planning A, , vol. 27(8), pages 1261-1279, August.
    5. Laurence Murphy, 1995. "Mortgage Finance and Housing Provision in Ireland, 1970-90," Urban Studies, Urban Studies Journal Limited, vol. 32(1), pages 135-154, February.
    6. A Leyshon & A Tickell, 1994. "Money Order? The Discursive Construction of Bretton Woods and the Making and Breaking of Regulatory Space," Environment and Planning A, , vol. 26(12), pages 1861-1890, December.
    7. M T Daly & R J Stimson, 1994. "Dependency in the Modern Global Economy: Australia and the Changing Face of Asian Finance," Environment and Planning A, , vol. 26(3), pages 415-434, March.
    8. K Olds, 1995. "Globalization and the Production of New Urban Spaces: Pacific Rim Megaprojects in the Late 20th Century," Environment and Planning A, , vol. 27(11), pages 1713-1743, November.
    9. David Smallbone Shaw & Andrew Cumbers Shaw & Stephen Syrett Shaw & Roger Leigh, 1999. "The Single European Market and SMEs: A Comparison of its Effects in the Food and Clothing Sectors in the UK and Portugal," Regional Studies, Taylor & Francis Journals, vol. 33(1), pages 51-62.
    10. Vitols, Sigurt, 1995. "Financial systems and industrial policy in Germany and Great Britain: the limits of convergence," Discussion Papers, Research Unit: Economic Change and Employment FS I 95-311, WZB Berlin Social Science Center.
    11. Warf, Barney & Cox, Joseph C., 2000. "Regional Impacts of the 1990s Stock Market Boom," The Review of Regional Studies, Southern Regional Science Association, vol. 30(3), pages 331-342, Winter.

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