SSE/EFI Working Paper Series in Business Administration
From Periphery to Financial Centre
Abstract: The Swedish financial market has evolved from being small
and insignificant to becoming highly developed, developing from the bottom
to the elite among markets. One reason for why Swedish financial markets
grew exponentially during the 1980s and 90s is the process of deregulation
all over the Western world. During recent decades public attitudes have
evolved toward support for financial markets.
This article criticises
rationalist explanations with examples from a particular business sector,
attending to the institutional construction of an environment around an
industry. Account is taken of impulses both from foreign markets to the
financial market of Stockholm, and of influence from society to markets.
Keywords: financial markets; mentality; Protestantism; modernity; deregulation; (follow links to similar papers)
36 pages, July 7, 2003, Revised December 13, 2005
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