Abstract
A 15th century Venetian or Florentine could have asked a very similar question to the one in the title of this paper although his notion of the world would have been much more restricted. And one speculates that his final explanation also would have been similar to one I arrive at in this paper: the world around him in terms of technology, trade intensity, trade channels and the associated risks required financial adaptation.
Views expressed in this paper are purely personal and in no way reflect those of the institutions to which the author is attached.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
References
Artus, P. and J. P. Pollin, (1989). “Les effets de la règlementation et le comportement des banques”, SUERF, October.
Bröker, G., (1989). Competition in Banking, OECD.
Clark, A. (1988). “Economies of scale and scope at depository financial institutions: A review of the literature”, Economic Review Federal Reserve Bank of Kansas City, September/October.
Folkerts-Landau, D., (1989). “The Internationalization of Financial Markets and the Regulatory Response”, in: Vosgerau (ed.), New Institutional Arrangements for the World Economy, Heidelberg: Springer.
Steinherr, A. and P. L. Gilibert, (1989). “The Impact of Financial Market Integration on the European Banking Industry”, Centre for European Policy Studies, no 1.
Steinherr, A. and Ch. Huveneers, (1989). “Universal banks: The Prototype of Successful Banks in The Integrated European market? A view Inspired by German Experience”.
Walter, I. and R.C. Smith, (1989). “European Investment Banking; Structure, Transactions-Flow, and Regulation”.
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 1990 Kluwer Academic Publishers, Dordrecht
About this chapter
Cite this chapter
Steinherr, A. (1990). Financial Innovation, Internationalization, Deregulation and Market Integration in Europe: Why Does It All Happen Now?. In: Fair, D.E., de Boissieu, C. (eds) Financial Institutions in Europe under New Competitive Conditions. Financial and Monetary Policy Studies, vol 20. Springer, Dordrecht. https://doi.org/10.1007/978-94-009-1986-0_6
Download citation
DOI: https://doi.org/10.1007/978-94-009-1986-0_6
Publisher Name: Springer, Dordrecht
Print ISBN: 978-94-010-7388-2
Online ISBN: 978-94-009-1986-0
eBook Packages: Springer Book Archive