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Liberalização e desregulamentação bancária: motivações, consequências e adaptações [Liberalization and deregulation in the banking industry: motivations, outcomes, and adaptations]


  • Marcos Roberto Vasconcelos

    () (Universidade Estadual de Maringá)

  • Eduardo Strachman

    () (Universidade Estadual Paulista)

  • José Ricardo Fucidji

    () (Universidade Estadual de Maringá)


Over the last two decades, almost all countries in the world have experienced a noticeable process of liberalization and deregulation. This process has both motivated and propelled changes in the very competitive dynamics of the banking industry. Therefore, various OECD countries have changed their regulatory/prudential practices concerning the banking market, in order to make them more suitable to the new competitive environment. Conversely, liberalization and deregulation in developing countries have often been started and deepened without any prior effort to strengthen and/or change the banking regulatory arrangements. The aim of this paper is to outline some features of such a process, by underlining some of the observed outcomes in the countries where it has gone further as well as the necessary adaptations for the banking regulation policy.

Suggested Citation

  • Marcos Roberto Vasconcelos & Eduardo Strachman & José Ricardo Fucidji, 2003. "Liberalização e desregulamentação bancária: motivações, consequências e adaptações [Liberalization and deregulation in the banking industry: motivations, outcomes, and adaptations]," Nova Economia, Economics Department, Universidade Federal de Minas Gerais (Brazil), vol. 13(1), pages 101-140, January-J.
  • Handle: RePEc:nov:artigo:v:13:y:2003:i:1:p:101-140

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    References listed on IDEAS

    1. Paul Davidson, 1983. "Rational Expectations: A Fallacious Foundation for Studying Crucial Decision-Making Processes," Journal of Post Keynesian Economics, M.E. Sharpe, Inc., vol. 5(2), pages 182-198, January.
    2. Lawson, Tony, 1985. "Uncertainty and Economic Analysis," Economic Journal, Royal Economic Society, vol. 95(380), pages 909-927, December.
    3. Lawson, Tony, 1987. "The Relative/Absolute Nature of Knowledge and Economic Analysis," Economic Journal, Royal Economic Society, vol. 97(388), pages 951-970, December.
    4. Dosi, Giovanni, 1993. "Technological paradigms and technological trajectories : A suggested interpretation of the determinants and directions of technical change," Research Policy, Elsevier, vol. 22(2), pages 102-103, April.
    5. Runde, Jochen, 1990. "Keynesian Uncertainty and the Weight of Arguments," Economics and Philosophy, Cambridge University Press, vol. 6(02), pages 275-292, October.
    6. Paul Davidson, 1987. "Sensible Expectations and the Long-Run Non-Neutrality of Money," Journal of Post Keynesian Economics, Taylor & Francis Journals, vol. 10(1), pages 146-153, September.
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    More about this item


    banking industry; restructuring; regulation;

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G34 - Financial Economics - - Corporate Finance and Governance - - - Mergers; Acquisitions; Restructuring; Corporate Governance
    • G38 - Financial Economics - - Corporate Finance and Governance - - - Government Policy and Regulation


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