The structural evolution of financial systems in the ’80s: from its determinants to its possible outcomes

Authors

  • G. NARDOZZI

DOI:

https://doi.org/10.13133/2037-3643/10668

Keywords:

Financial systems, Financial institutions, Financial development

Abstract

The structural and institutional changes that have been taking place in financial systems throughout the ‘80s are not the result of a progressive evolution leading to a superior stage of financial development, but rather are largely the outcome of the crisis of a specific national model, that of the extreme specialisation of financial intermediaries set up in the U.S. in the ‘30s. An analysis of structural dynamics of financial systems based on a different theoretical framework, built by joining pieces and ideas of analysis from an array of literature, is provided. The author first outlines this scheme before applying it to the analysis of the recent structural evolution of financial systems and their current trends.

 

JEL: G20

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Published

2013-10-18

How to Cite

NARDOZZI, G. (2013). The structural evolution of financial systems in the ’80s: from its determinants to its possible outcomes. PSL Quarterly Review, 43(172). https://doi.org/10.13133/2037-3643/10668

Issue

Vol. 43 No. 172 (1990)

Section

Editorial

License

 
 
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