The State and the Financial Services Revolution: A Comparative Analysis

West European Politics

Volumn 17, Issue 3, 1994, Pages 158-177

  Moran, Michael ^a  

^a NONE

Author keywords

[No Author keywords available]

Indexed keywords

COMPARATIVE STUDIES; DEREGULATION IMPACT; EUROPEAN COMMUNITY; FINANCIAL SERVICE; HARMONISATION EFFECT; SINGLE EUROPEAN MARKET;

EUROPE, (WEST);

EID: 0028591208     PISSN: 01402382     EISSN: 17439655     Source Type: Journal    
DOI: 10.1080/01402389408425034     Document Type: Article

References (21)

1. Caryl Churchill, Serious Money (London: Methuen, 1987); Tom Wolfe, The Bonfire of the Vanities (London: Picador, 1988).
2. ‘London as an international financial centre’, Bank of England Quarterly Bulletin 29/4 (1989), pp.516–28 (at 517). The figure is for 1989.
3. K. Middlemas, Politics in Industrial Society (London: Deutsch, 1979). Some would call the pattern described here private interest government. I use corporatism because it contains the essence of a corporatist arrangement - the attribution of public functions to private bodies.
4. Charles Lindblom, Politics and Markets (NY: Basic Books, 1977).
5. Michael Moran, ‘A state of inaction: The state and stock exchange reform in the Federal Republic of Germany’ in Simon Bulmer (ed.). The Changing Agenda of West German Politics (Aldershot: Gower, 1989), pp. 110–27.
6. Explored in Michael Moran, ‘Regulatory change in German financial markets’ in Kenneth Dyson (ed.), The Politics of German Regulation (Aldershot: Dartmouth, 1992), pp. 137–57.
7. James P. Hawley, ‘Protecting capital from itself: US attempts to regulate the Eurocurrency system’, International Organisation 38/1 (1984) pp. 131–65.
8. I rely heavily on the monumental scholarly history of the SEC by Joel Seligman, The Transformation of Wall Street: A History of the Securities and Exchange Commission and Modern Corporate Finance (Boston: Houghton Mifflin, 1982).
9. David Vogel, National Styles of Regulation (Ithaca, NY: Cornell UP, 1986).
10. Richard W. Wright and Gunter A. Pauli, The Second Wave: Japan's Global Assault on Financial Services (London: Waterloo, 1987).
11. C. Fred Bergsten, ‘Preface’ to Jeffrey A. Frankel, The Yen-Dollar Agreement: Liberalising Japanese Capital Markets (Cambridge: MIT Press, 1984).
12. Susan Strange, States and Markets (London: Pinter, 1988).
13. Robert Gilpin, The Political Economy of International Relations (Princeton, NJ: Princeton UP, 1987).
14. Extract from a speech to Japanese businessmen in March 1984, reprinted in Frankel, The Yen-Dollar Agreement (note 11), pp.71–2.
15. H. Benke, ‘Terminhandel mit Bundesanleihen –London’, Die Bank, 10 (Oct. 1988).
16. P. Cerny, ‘The “little big bang” in Paris’, European Journal of Political Research 17/2 (Feb. 1989) pp. 169–72 describes the background to the French reforms.
17. K. Pöhl, ‘Frankfurt im Konkurrenzkamp der Finanzplätze’, Frankfurter Allgemeine Zeitung, 24 June 1989.
18. G. Schubert, ‘In die Enge Getrieben’, Wirtschaftswoche, 29 April 1988.
19. K. Westrick, ‘Finanzplatz Deutschland slowly taking shape’, International Financial Law Review Vol. 1 (1992), pp.30–33.
20. ‘Financial centre Germany: Underlying conditions and recent developments’, Monthly Report of the Deutsche Bundesbank 44/4 (1992), pp.23–31.
21. Ibid, p.28.