OVERVIEW OF THE PURPOSE OF INTERNATIONAL BANKING AGREEMENTS

Cristina Elena POPA (tache) ()
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Cristina Elena POPA (tache): Associate researcher at the Institute of Legal Research of the Romanian Academy

Perspectives of Law and Public Administration, 2022, vol. 11, issue 1, 11-15

Abstract: The modern challenges of the banking and financial field have accentuated the rise of cross-border financial transactions. Specific developments in domestic financial markets, and in particular technological progress, have led to the need for international agreements on how international financial and banking activities should be conducted. For such agreements between states, however, there is a long way to go between accepting, initialing, acceding and ratifying the entry into force of a treaty. They range in scope from private cooperation agreements to international treaties signed by sovereign nations, which include clauses on dispute settlement mechanisms as well as conditions of execution. A modern category of such treaties includes clauses that regulate in a certain way certain aspects of the financial-banking field in close connection with international investments, such as the clause that includes the standards of the transfer of funds from the investment treaties. The research methods used for this study are comparative and quantitative, with specific advice to identify the most appropriate scientific solution, converging from the Kapstein approach (1994 - "international cooperation based on home country control") to modern approaches created by the emergence of new ones. financial-banking centers and from protection against economic crises. Classification-JEL : E50, G21, G24, K33

Keywords: banks; treaties; financial-banking institutions; international investments; protection standards. (search for similar items in EconPapers)
Date: 2022
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