IDEAS home Printed from https://ideas.repec.org/a/pal/compes/v55y2013i3p479-500.html
   My bibliography  Save this article

Banking Deregulation and the Financial Crisis in the US and France

Author

Listed:
  • Esther Jeffers

    () (Département Economie-Gestion, University of Paris, Laboratoire d’économie dionysien (LED), 2 rue de la Liberté, 93526, Saint-Denis, cedex, France.)

Abstract

Financial deregulation played a key role in changes on an international scale. This article examines the impact of deregulation on the business practices of banks. I compare the United States and France between the early 1980s and the 2007–2008 crisis and show the effects of similar policies in different contexts. I find that in both cases banks turned to new financing techniques, took greater risks, and were a major cause of the crisis. However, the process assumed different forms due to the initial contexts and the respective roles of banks and financial markets in the economy. The path used by each country has necessarily influenced the outcome.

Suggested Citation

  • Esther Jeffers, 2013. "Banking Deregulation and the Financial Crisis in the US and France," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 55(3), pages 479-500, September.
  • Handle: RePEc:pal:compes:v:55:y:2013:i:3:p:479-500
    as

    Download full text from publisher

    File URL: http://www.palgrave-journals.com/ces/journal/v55/n3/pdf/ces201313a.pdf
    File Function: Link to full text PDF
    Download Restriction: Access to full text is restricted to subscribers.

    File URL: http://www.palgrave-journals.com/ces/journal/v55/n3/full/ces201313a.html
    File Function: Link to full text HTML
    Download Restriction: Access to full text is restricted to subscribers.

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Statistics

    Access and download statistics

    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:compes:v:55:y:2013:i:3:p:479-500. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Sonal Shukla) or (Rebekah McClure). General contact details of provider: http://www.palgrave-journals.com/ .

    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 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.

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

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.