In addition to freeing up banks, the floating of the currency and the opening up of capital markets, a range of technological advancements – as well as economic development and policy changes affecting other sectors in the economy – also were important drivers of change in the financial system.
Questions arising from the growth of finance The past 20 years has seen a major increase in the size and breadth of activity of the financial sector in most economies, as well as an acceleration in the globalisation of finance.