The Politics of Financial Services Liberalization
The Case of the Canadian Investment Dealer Industry
Bibliographic Data
| ID | 6327937 |
|---|---|
| Authors | Stephen L Harris (American Political Science Association, corresponding author) |
| Year | 1998 |
| Volume | 26 |
| Issue | 3 |
| Pages | 526-547 |
| Publication date | 1998-09-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Policy Studies Journal (JOURNAL) |
| Journal identifiers | ISSN: 0190-292X • E-ISSN: 1541-0072 |
| Publisher | Wiley (PUBLISHER • GB) |
| DOI | 10.1111/j.1541-0072.1998.tb01917.x |
| OpenAlex | W2029634717 |
| Language | EN |
| Citations received | 5 |
| References cited | 19 |
The purpose of this paper is to explain the factors and processes which, in 1986–87, gave rise to the decisions by the Canadian federal and provincial (Ontario and Quebec) regulatory authorities to liberalize entry into, and ownership of, the investment dealer industry in Canada. These decisions, rather narrowly based as they were, nonetheless would be a watershed with respect to the subsequent deregulation of the traditional four‐pillar structure of the Canadian financial services industry. The traditional four pillars‐which were legally and functionally separated‐comprised the chartered banks, the trust and mortgage loan companies, the life insurance industry, and the investment dealers. lhe liberalization decisions by the governments permitted the other elements of the four pillars, and nonresidents as well, to have equity participations in member firms of the securities industry. This represented a fundamental reversal of the beliefs, values, and ideas surrounding the low‐pillars doctrine. The period of history examined extends from 1969 to 1987
Business · Deregulation · Economics · Equity (law · Financial services · Financial system · Investment (military · Investment banking · Liberalization · Loan · Market economy · Pillar · Political science · Politics · Canadian Policy and Governance · Global Financial Regulation and Crises · Housing, Finance, and Neoliberalism · Law · Finance
The economics of the welfare state
Regulating Business by Independent Commission
Public Administration and the Public Interest
Theories of Economic Regulation
Business and Politics
Federalism and the Regulatory Process
Breaking the Shackles
Finance, information and power
Public Entrepreneurship and the Teleology of Technology
On the incentives of regulators
Elite Accommodation in Canadian Politics
A Pure Theory of Local Expenditures
Government responsiveness to the public interest
In Defense of the Politics of Ideas
Four Systems of Policy, Politics, and Choice
| Unique citing works | 5 |
|---|---|
| Citations per year | 0,23 |
| Citation span | 2004 - 2025 (22) |
| Citation velocity | recent |
| Highly cited | No |
| Citation types | Neutral: 5 |