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The Problematic Transformation of the Banking Sector in France: The Case of Consumer Credit

  • Danielle Salomon

Abstract

The transformation of the banking sector in France is part of a worldwide movement which began in the USA and the UK during the 1980s and has progressively extended to all the developed countries. This process consists of a generalized move towards deregulation, which modifies the rules of competition in the banking sector and introduces new forms of regulation. A tension appears between, on the one hand, a search for better profitability and, on the other hand, a potential increase in risks and losses. Given that financial crises can have a politically destabilizing impact, policy-makers face a complex environment. Financial systems vary significantly between countries (see, for example, the typologies and differentiations elaborated in Zysman, 1983; Huveneers and Steinherr, 1993) and thus deregulation takes on a special character in each country. In the case of France for instance, a similar sequence has tended to be repeated from one segment of banking activity to another.

Keywords

Financial Institution Banking Sector Large Bank Saving Bank Specialized Institution 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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© Danielle Salomon 1997

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  • Danielle Salomon

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