Abstract
The decade (1973–1982) that followed the ‘Trente Glorieuses’ was marked by a paradox. On the one hand France along with the rest of the Western world experienced markedly more difficult economic conditions, with slower growth and higher inflation and unemployment. On the other hand, French commercial banks along with their Western counterparts enjoyed remarkable growth. By examining the record of the two largest French banks, Crédit Lyonnais and Société Générale, this paper demonstrates that this growth was sustained by expanding their operations internationally, creating innovative products, forging new alliances, and above all by taking advantage of opportunities created by the burgeoning Euromarket.
Original language | French |
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Pages (from-to) | 101-113 |
Number of pages | 13 |
Journal | Histoire Politique: politique, culture, societe |
Volume | 1 |
Issue number | 19 |
DOIs | |
Publication status | Published - 11 Apr 2013 |
Keywords
- commercial banking
- Euromarkets
- financial innovation
- Société Générale
- Crédit Lyonnais