Publisher's Synopsis
This book presents a comprehensive examination of the deregulation of financial markets which has now reached global proportions. The author examines the deregulatory steps taken in each of the major financial markets - the United States, Britain, Japan, Australia, and Hong Kong - exploring the impetus behind the deregulatory developments, their potency, and their effects on the operational, promotional, and allocational efficiency of financial markets. Khoury also assesses the effects of deregulation on the stability of financial markets and on the movement toward political and economic integration within these markets. Throughout, Khoury focuses particular attention on the dynamics of the deregulation process and the forces that generated it in each of the markets under study.
