Deregulation and Risks in Financial Markets
15 Pages Posted: 30 Oct 1997
Date Written: January 1996
This article analyzes the main features of international financial markets growth from the second half of 1980. It is stated that the sharpening of financial deregulation has modified competence terms among intermediaries whereas national financial structures weaken and the States become incapable of limiting the consequences of financial crisis. Deflationary tendencies of international economy have been stopped in the financial domains through the establishment of a yielding "ground" on the side of government shares and through the increase in derivative markets.
JEL Classification: N76
Suggested Citation: Suggested Citation