This book examines the fundamental nature of banking in the
economy of the 1970s and 80s, arguing that banking cannot be
properly understood unless it is regarded as the retailing of
financial services. In analysing the nature of banking the book
demonstrates how banking might operate without regulatory
constraints; surveys the patterns of regulatory constraint in a
wide range of economies; analysis the effects of these various
forms of constraint on the operation of a previously unregulated
bank; examines the move to multinational banking; explores risks
peculiar to multinational banking, whilst providing a diagrammatic
illustration of those risks.
When originally published this was one of the first books to
treat banking from both a theoretical and empirical perspective and
is unique in reviewing the case of a completely unregulated
commercial bank and following the progression of banking through to
the multinational stage.
General
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