IDEAS home Printed from https://ideas.repec.org/h/pal/palchp/978-1-349-14000-8_9.html
   My bibliography  Save this book chapter

The Swedish Banking Crisis: The Invisible Hand Shaking the Visible Hand

In: Regulation and Deregulation in European Financial Services

Author

Listed:
  • Lars Engwall

Abstract

In many countries the 1980s brought radical changes to the banking industry in two ways that affected working conditions: (1) the development of computer and communication technology, and (2) deregulation. Whereas the first of these can be described as a rapid but fairly continuous process, the second was more in the nature of a single episode. In a sense it can be seen as a huge field experiment, in which the basic rules of the game were suddenly switched from one system to another. Speaking in metaphors we could say that the invisible hand, introduced into economic theory in 1776 by Adam Smith in the Wealth of Nations, had long been pinioned but was suddenly released. This in turn put considerable pressure on bank managers to adapt to the new conditions. Extending the metaphor we could then say that the visible hand, Alfred D. Chandler’s term for management (Chandler, 1977), has been shaken by the invisible hand.

Suggested Citation

  • Lars Engwall, 1997. "The Swedish Banking Crisis: The Invisible Hand Shaking the Visible Hand," Palgrave Macmillan Books, in: Glenn Morgan & David Knights (ed.), Regulation and Deregulation in European Financial Services, chapter 8, pages 178-200, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-14000-8_9
    DOI: 10.1007/978-1-349-14000-8_9
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Hadjikhani, Amjad & Hadjikhani, Annoch Isa & Thilenius, Peter, 2014. "The internationalization process model: A proposed view of firms’ regular incremental and irregular non-incremental behaviour," International Business Review, Elsevier, vol. 23(1), pages 155-168.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:palchp:978-1-349-14000-8_9. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.