International Regulatory Rivalry in Open Economies: The Impact of Deregulation on the US and UK Financial Markets

Doha M. Abdelhamid Associate Professor of Finance, Heriot-Watt University, UK, and the American University in Cairo, Senior Policy Advisor to the Minister of Finance and Executive Director of the Fiscal Policy Analysis Consultative Group, Ministry of Finance, Egypt.

• Preface List of Acronyms List of Legislation 1 Overture 2 Globalization of Finance and the Rise of Competing Nation-States 3 A Conceptual Framework of International Regulatory Competition 4 A Model of Strategic Regulatory Games 5 The US Financial Markets’ Regulatory Framework and Deregulation 6 The UK Financial Markets’ Regulatory Framework and Deregulation 7 US Financial Institutions and Deregulation 8 UK Financial Institutions and Deregulation 9 Regulatory Competition in Open Market Economies: The Impact of (De)regulation on the US and UK Financial Markets 10 Conclusions