Abstract
A dominant feature of the global financial services industry today is intensified competition facing banks and other financial institutions. Among the important environmental forces driving this change are continued exchange-rate and interest-rate volatility, persistent financial disintermediation and securitization, progressive financial deregulation and market interpenetration, and rapid technological evolution in financial processes and products. It is an environment that is increasingly forcing a radical reassessment in strategic positioning on the part of firms in the industry, and an equally radical reassessment of public policies toward the financial services industry.
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Saunders, A., Walter, I. (1989). Competitive Performance, Regulation and Trade in Banking Services. In: Vosgerau, HJ. (eds) New Institutional Arrangements for the World Economy. Studies in International Economics and Institutions. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-83647-3_14
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DOI: https://doi.org/10.1007/978-3-642-83647-3_14
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