MODERN TRENDS OF DEVELOPMENT OF GLOBAL BANKS IN THE CONTEXTOF FINANCIAL GLOBALIZATION
Journal Title: Вісник Київського національного університету імені Тараса Шевченка. Економіка. - Year 2014, Vol 1, Issue 154
Abstract
States that the dominant factor in world development in the last three decades, becoming financial globalization, which has become systemic. Discloses the essence and features of financial globalization at the present stage, showing its positive and negative effects. Highlights the most significant manifestations of globalization in the financial sector, affecting establishment and development of national banking systems in the transitive conditions. In particular, among them considered the consolidation of financial institutions and transnationalization of banking. Specific statistics illustrate the scale of mergers and acquisitions in the global financial space, presents the main trends in this field in the region of Central and Eastern Europe and the CIS countries. The meaning and motives transnationalization banking activities considered as a process of expanding international business and banks to move beyond national borders of individual countries in this process. Delineated thechanges taking placein this processandinfluence the development ofnational banking systems. Identified a number of uncertainties that accompany the post-crisis state of these systems. Identified significant changes observed in the alignment of forces in the global financial market. Analyzed the ratings of the largest banks in the world, held in the financial world reputable institutions and publications. Attention is accentedon building thepowerof banking institutionsin developingcountries, especially China, India, Singapore, Indonesia and others. Emphasized the rapid growth of Islamic banking. Been recorded a marked decline in economic development parameters transnational banks due to the global financial and economic crisis. Presents a holistic picture of the state of the global banking system in the years of crisis and post-crisis period.
Authors and Affiliations
Fahri Fuad Murshudli
Keywords
Related Articles
- EP ID EP403018
- DOI 10.17721/1728-2667.2014/154-1/13
- Views 71
- Downloads 0
THEORETICAL AND METHODOLOGICAL BASIS OF THE STUDY OF ENVIRONMENTAL AUDIT IN KAZAKHSTAN
Practical problems of modern economic development of the country are associated with unresolved major theoretical issues in the field of auditing. One of them, in our opinion, is to determine the status of the audit as a...
THEORETICAL-METHODOLOGICAL IMPORTANCE OF INTERNATIONAL LISTING OF STOCKS FOR INVESTORS AND EMITENTS
In the conditions of globalization of the economic environment, the integration processes of the international capital markets are intensifying, which envisages the possibility of placing securities in foreign markets. T...
THE ROLE OF THE BANKING SYSTEM OF UKRAINE IN FUNDING OF CAPITAL INVESTMENTS INTO NATIONAL ECONOMY
Paper studies the capital structure of domestic enterprises by sources, forms and terms of financing. The level of leverage in national economy is examined, reliance of domestic enterprises on short-terms and long-term b...
THE WAYS OF INSTITUTIONALIZATION OF FORMS OF ECONOMY IN A SYSTEM OF AGRARIAN RELATIONS OF POST-SOCIALIST COUNTRIES
An experience of institutionalization of forms of economy of post-socialist countries in a system of agrarian relations is analyzed. Main directions of development of agrarian sector of Ukraine are determined. The necess...
STATISTICAL EVALUATION OF THE IMPACT OF ECONOMIC FACTORS ON SOCIO-DEMOGRAPHICS OF THE COUNTRY
In theory, the necessity of modeling economic and socio – demographic pokaznykivna based on a systematic approach. The development of social and demographic processes in Ukraine in terms of European integration provides...