Margaret Thatcher et les marchés financiers : le paradoxe de la déréglementation
Margaret Thatcher’s economic policy from 1979 to 1990 was meant to break away from the economic practices of successive post-war Keynesian governments. Fighting inflation was its first objective and reducing the government’s presence in the economy to improve its supply-side, and growth in particula...
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| Language: | English |
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Centre de Recherche et d'Etudes en Civilisation Britannique
2019-11-01
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| Series: | Revue Française de Civilisation Britannique |
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| Online Access: | https://journals.openedition.org/rfcb/4805 |
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| _version_ | 1850172281526943744 |
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| author | Marie-Claude Esposito |
| author_facet | Marie-Claude Esposito |
| author_sort | Marie-Claude Esposito |
| collection | DOAJ |
| description | Margaret Thatcher’s economic policy from 1979 to 1990 was meant to break away from the economic practices of successive post-war Keynesian governments. Fighting inflation was its first objective and reducing the government’s presence in the economy to improve its supply-side, and growth in particular, its second objective. As a result, markets were deregulated and state-owned industries were privatized. This article deals with the deregulation of financial markets whose contribution in terms of wealth, job creation and exports had been rising since the beginning of the 1970s. The strengths and weaknesses of the City of London are analysed in a first part and the deregulation of financial markets in a second part. The third section explains why the government introduced regulation into areas which had never been subject to statutory regulation, and why it broadened the scope of financial regulation and strengthened banking supervision. |
| format | Article |
| id | doaj-art-fb5be62eeb2f4a8f8652cbe4b8825f80 |
| institution | OA Journals |
| issn | 0248-9015 2429-4373 |
| language | English |
| publishDate | 2019-11-01 |
| publisher | Centre de Recherche et d'Etudes en Civilisation Britannique |
| record_format | Article |
| series | Revue Française de Civilisation Britannique |
| spelling | doaj-art-fb5be62eeb2f4a8f8652cbe4b8825f802025-08-20T02:20:07ZengCentre de Recherche et d'Etudes en Civilisation BritanniqueRevue Française de Civilisation Britannique0248-90152429-43732019-11-0124410.4000/rfcb.4805Margaret Thatcher et les marchés financiers : le paradoxe de la déréglementationMarie-Claude EspositoMargaret Thatcher’s economic policy from 1979 to 1990 was meant to break away from the economic practices of successive post-war Keynesian governments. Fighting inflation was its first objective and reducing the government’s presence in the economy to improve its supply-side, and growth in particular, its second objective. As a result, markets were deregulated and state-owned industries were privatized. This article deals with the deregulation of financial markets whose contribution in terms of wealth, job creation and exports had been rising since the beginning of the 1970s. The strengths and weaknesses of the City of London are analysed in a first part and the deregulation of financial markets in a second part. The third section explains why the government introduced regulation into areas which had never been subject to statutory regulation, and why it broadened the scope of financial regulation and strengthened banking supervision.https://journals.openedition.org/rfcb/4805Bank of EnglandBig BangCityexchange controlsSecurities Investment BoardTreasury |
| spellingShingle | Marie-Claude Esposito Margaret Thatcher et les marchés financiers : le paradoxe de la déréglementation Revue Française de Civilisation Britannique Bank of England Big Bang City exchange controls Securities Investment Board Treasury |
| title | Margaret Thatcher et les marchés financiers : le paradoxe de la déréglementation |
| title_full | Margaret Thatcher et les marchés financiers : le paradoxe de la déréglementation |
| title_fullStr | Margaret Thatcher et les marchés financiers : le paradoxe de la déréglementation |
| title_full_unstemmed | Margaret Thatcher et les marchés financiers : le paradoxe de la déréglementation |
| title_short | Margaret Thatcher et les marchés financiers : le paradoxe de la déréglementation |
| title_sort | margaret thatcher et les marches financiers le paradoxe de la dereglementation |
| topic | Bank of England Big Bang City exchange controls Securities Investment Board Treasury |
| url | https://journals.openedition.org/rfcb/4805 |
| work_keys_str_mv | AT marieclaudeesposito margaretthatcheretlesmarchesfinanciersleparadoxedeladereglementation |