Regulation, deregulation and internationalization in South African and New Zealand banking

SINGLETON, John and GRIETJIE, Verhoel (2010). Regulation, deregulation and internationalization in South African and New Zealand banking. Business History, 52 (4), 536-563.

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Abstract

The banking industries of New Zealand and South Africa were among the most tightly regulated in the western world in the early 1980s. Restrictions on foreign banks were particularly acute, especially in South Africa. From a position of considerable isolation, first New Zealand then South Africa implemented programmes of financial liberalisation. We show that the outcome of liberalisation was different in these two countries. South African banks were able to establish a strong presence in external markets, but the New Zealand banking system was mopped up by its Australian neighbour. These divergent outcomes reflect the origins, geographical position, and unequal capabilities of the New Zealand and South African banking industries.

Item Type:	Article
Research Institute, Centre or Group - Does NOT include content added after October 2018:	Humanities Research Centre
Identification Number:	https://doi.org/10.1080/00076791003753152
Page Range:	536-563
Depositing User:	Lorna Greaves
Date Deposited:	19 Sep 2012 14:40
Last Modified:	18 Mar 2021 20:15
URI:	https://shura.shu.ac.uk/id/eprint/5958

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