Power and trust : analysis of the effects of deglobalisation and financial technology in the United Kingdom, United States and European Union

Hayes, Christopher J.

Abstract

This thesis researched the effects deglobalisation and financial technology are having on the United Kingdom, United States and European Union since the 2008 Global Financial Crisis (GFC). Particular attention is paid to financial services, as it is the industry most closely related to the GFC and is central to the concept of financial technology.
It begins by examining the development and dynamics of the globalised economy, defines what deglobalisation is, reviews financial crises predating the GFC and introduces the concept and history of financial technology. Analysis then focuses on the current financial regulatory landscape of the EU, UK and US. It then reviews technological developments that have occurred in the aftermath of the GFC to determine which have the greatest likelihood for adoption by the financial services industry within the next five to ten years and how they are most likely to be implemented. Particular attention is given to blockchain and smart contracts and their potential for business integration.
It then assesses financial legislation passed during Trump’s tenure to determine its ramifications. The thesis concludes with analysis of the state of deglobalisation and socioeconomic conditions, especially within the UK as of 2021, the outcome of the finalised Brexit agreement for financial services and how they have affected the UK economy. This is to determine what the consequences of the period of deglobalisation from 2016 to early 2021 have ultimately meant for the US, UK and EU.

Citation

Hayes, C. J. Power and trust : analysis of the effects of deglobalisation and financial technology in the United Kingdom, United States and European Union. (Thesis). University of Hull. https://hull-repository.worktribe.com/output/4224417

• Thesis Type: Thesis
• Deposit Date: Nov 16, 2022
• Publicly Available Date: Feb 24, 2023
• Keywords: Business
• Public URL: https://hull-repository.worktribe.com/output/4224417
• Additional Information: Business School, The University of Hull
• Award Date: Jul 1, 2021