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Introduction

In: Regulation and Deregulation in European Financial Services

Author

Listed:
  • Glenn Morgan
  • David Knights

Abstract

During the 1980s and into the 1990s, the world economy has been fundamentally affected by a process of deregulation. The proponents of deregulation argue that releasing markets and economic actors from regulatory constraints can generate the levels of economic growth and productivity that seemed to have deserted Western economies during the 1970s and early 1980s. Led by the free market enthusiasms of Reagan in the USA and Thatcher in the UK, a range of initiatives were taken throughout the world to remove the hand of government from direct intervention in the market system and replace state control with various forms of indirect regulation.

Suggested Citation

  • Glenn Morgan & David Knights, 1997. "Introduction," Palgrave Macmillan Books, in: Glenn Morgan & David Knights (ed.), Regulation and Deregulation in European Financial Services, pages 1-13, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-14000-8_1
    DOI: 10.1007/978-1-349-14000-8_1
    as

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