Nationalisation of the Banks in France: A Preliminary Evaluation
Article Abstract:
The nationalization of French banks in February of 1982 was the implementation of a plank of the French Socialist and Communist parties platform of 1973. According to this platform the creation of money should be a national function; therefore the banks were nationalized. Though there still remain some banks in the private sector, the major banks were taken over, their shareholders reimbursed by government bonds. The government plans are to restructure into a bank holding company, ten regional banks and a merchant bank. Though it is too early for a conclusive evaluation yet, even now it is clear from recent changes in government policy that they may have overestimated the difficulties of the pre-nationalized system and underestimated the difficulties of change. Tables are included.
Publication Name: Three Banks Review
Subject: Business, international
ISSN: 0040-649X
Year: 1983
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Switzerland's mini-bang
Article Abstract:
The Swiss banking establishment is facing increased internal and external pressures, including: the immanent deregulation of the European Community's financial markets; a state mandated breakup of the banking cartels; and foreign stockholders' demand for greater disclosure. The abolition of cartel arrangements will squeeze profit margins, particularly the underwriting of Swiss franc bonds. In order to survive, Swiss banks will have to become more competitive and offer investors more than secrecy and a stable country in which to pigeonhole assets. Swiss banks must offer investors significant returns on their money and must place more emphasis on improving their foreign operations, which represent 51% of committed assets.
Publication Name: International Management
Subject: Business, international
ISSN: 0020-7888
Year: 1989
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Look who's casting the first stone
Article Abstract:
The US Federal Reserve's bailing out of Long Term Capital Management LP came after Federal Reserve Chairman Alan Greenspan gave an indirect lecture to Hong Kong financial authorities regarding the outcomes of intervention in stock and futures market. Federal officials did the bailout in the name of market stability. Greenspan should be feeling humiliated after the bailout.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1998
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