Francesca Carnevali
- Published in print:
- 2005
- Published Online:
- September 2006
- ISBN:
- 9780199257393
- eISBN:
- 9780191603846
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/0199257396.003.0011
- Subject:
- Economics and Finance, Economic History
This chapter concludes the book by assessing the impact of banking deregulation since the 1980s on the structure of the banking systems of the four countries. The combined forces of liberalization ...
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This chapter concludes the book by assessing the impact of banking deregulation since the 1980s on the structure of the banking systems of the four countries. The combined forces of liberalization and increased supra-state supervision (the Basle Capital Accords) are seen as having a negative impact on credit provision to small firms.Less
This chapter concludes the book by assessing the impact of banking deregulation since the 1980s on the structure of the banking systems of the four countries. The combined forces of liberalization and increased supra-state supervision (the Basle Capital Accords) are seen as having a negative impact on credit provision to small firms.
Stuart Lowe
- Published in print:
- 2017
- Published Online:
- January 2020
- ISBN:
- 9781447326274
- eISBN:
- 9781447326328
- Item type:
- chapter
- Publisher:
- Policy Press
- DOI:
- 10.1332/policypress/9781447326274.003.0005
- Subject:
- Political Science, Comparative Politics
This chapter focuses on the globalisation and liberalisation of mortgage markets. What has happened is that the mortgage market has become a conduit between global finance and the everyday. The home ...
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This chapter focuses on the globalisation and liberalisation of mortgage markets. What has happened is that the mortgage market has become a conduit between global finance and the everyday. The home has become financialised in ways that were impossible before banking deregulation. For homeowners, the ability to unlock housing equity has been a widely used practice almost since the start of the deregulated mortgage market in the 1980s. This has created a super-commodified realm at the heart of the competition state. The democratisation of access to capital also required a new citizenship contract based around norms of risk taking and self-provisioning. More than this, however, homeowners are predisposed to support low-tax public policy because of the front-loading of housing costs.Less
This chapter focuses on the globalisation and liberalisation of mortgage markets. What has happened is that the mortgage market has become a conduit between global finance and the everyday. The home has become financialised in ways that were impossible before banking deregulation. For homeowners, the ability to unlock housing equity has been a widely used practice almost since the start of the deregulated mortgage market in the 1980s. This has created a super-commodified realm at the heart of the competition state. The democratisation of access to capital also required a new citizenship contract based around norms of risk taking and self-provisioning. More than this, however, homeowners are predisposed to support low-tax public policy because of the front-loading of housing costs.
