Abstract
European financial services have experienced a dramatic change since the mid-1980s. The specific details of this change vary from country to country but the general thrust and direction of its impact are similar, taking the form of intensified competition of both a local and global nature. Much of this new competitive climate reflects global developments that, in part, may be attributed to floating currencies, the relaxation of exchange controls, and a proliferation of new more flexible financial instruments such as Eurobonds, futures, and derivatives (see Morgan, Chapter 1 in this volume). These developments in wholesale financial markets have established a trend that has found its counterpart in the retail sector of financial services across Europe, and indeed the rest of the world.
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© 1997 David Knights
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Knights, D. (1997). Governmentality and Financial Services: Welfare Crises and the Financially Self-Disciplined Subject. In: Morgan, G., Knights, D. (eds) Regulation and Deregulation in European Financial Services. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-14000-8_11
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DOI: https://doi.org/10.1007/978-1-349-14000-8_11
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