Reluctant Europeans? British and French commercial banks and the common market in banking (1977-1992)

Drach, A. (2020) Reluctant Europeans? British and French commercial banks and the common market in banking (1977-1992). Enterprise and Society, 21(3), pp. 768-798. (doi: 10.1017/eso.2020.20)

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More than ten years after the financial crisis, the challenges of European banking and of the eurozone highlight that the existence of a European common market in banking is at best partial. Examining how British and French commercial banks and banking associations responded to the plans for a European common market in banking between 1977 and 1992, this article contributes to explaining this partial character, and highlights that this project was primarily political. This challenges the widely held view that large companies tended to push for more integration. This article shows that until the mid-1980s, the banking sector was not necessarily calling for European financial integration in the form of a common market in banking for at least three reasons: they doubted the usefulness of such a move, they feared an increase in regulation, and I meant that banks focused more on domestic or global matters than on European ones.

Item Type:Articles
Glasgow Author(s) Enlighten ID:Drach, Dr Alexis
Authors: Drach, A.
College/School:College of Social Sciences > Adam Smith Business School > Management
Journal Name:Enterprise and Society
Publisher:Cambridge University Press
ISSN (Online):1467-2235
Published Online:27 July 2020
Copyright Holders:Copyright © 2020 The Authors
First Published:First published in Enterprise and Society 21(3): 768-798
Publisher Policy:Reproduced under a Creative Commons license

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Project CodeAward NoProject NamePrincipal InvestigatorFunder's NameFunder RefLead Dept
173755EURECONEmmanuel Mourlon-DruolEuropean Research Council (ERC)Mourlon-Druol, Dr EmmanueBS - Management