According to the regulation school (Robert Boyer, De Bernis, Benjamin Coriat and others), the regulation of the economy requires institutional frameworks in which the state, as a set of institutionalised compromises, plays a central role. These institutional configurations are not stable; they change over time and across geographical areas, giving rise to various modes of regulation of economic life. In this sense, it is the transformation in the form of state intervention that can be seen as the driving force behind the rise and subsequent crisis of any regime of accumulation. In this regard, regulation theorists have characterised the crisis of the 1970s as a crisis of the monopolistic mode of regulation, which succeeded the competitive mode of regulation. The main objective of this book is to apply concepts specific to regulation theory to analyse the functioning of the banking sector. In this sense, the aim is to define the relationship between financing procedures and economic development in terms of the succession of regulatory modes, which calls into question the form of intervention by the regulatory state.
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