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

John Singleton, Grietjie Verhoef

Research output: Contribution to journalArticlepeer-review

20 Citations (Scopus)

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.

Original languageEnglish
Pages (from-to)536-563
Number of pages28
JournalBusiness History
Volume52
Issue number4
DOIs
Publication statusPublished - Jul 2010

Keywords

  • Banking
  • Deregulation
  • Internationalisation
  • New Zealand
  • Regulation
  • South Africa

ASJC Scopus subject areas

  • Business and International Management
  • Business, Management and Accounting (miscellaneous)
  • History

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