Financial deregulation and economic distress: is there a future for financial co-operatives?

Loading...
Thumbnail Image
Issue Date
2009
Authors
Alexopoulos, Yiorgos
Goglio, Silvio
License
Subject
Abstract
The financial system around the globe has undergone radical changes in the last two decades. If we confine our analysis to the banking sector, which still is its backbone, changes have been in size, in manner of operation and in organizational structure. The leading forces for these can be traced among the rapid progress in information and communication technology, financial innovation, deregulation and decrease of the role of the States, growing international openness, and changes in demand for banking and financial services which have all led to stronger competition and prompted a far-reaching process of concentration among banking institutions and a rationalization of their productive structures.
Description
Harmful Language Statement