Banking

Sasidaran Gopalan

Chapter 14 in Handbook of Globalisation and Development, 2017, pp 234-250 from Edward Elgar Publishing

Abstract: Since the early 1990s, several emerging market and developing economies (EMDEs) have opened up their markets for domestic as well as international financial liberalisation. While we can observe considerable variations in the details of the policies adopted by individual countries, the common denominator across such policy initiatives remains a consistent attempt to invite cross-border flows of private capital into their financial systems involving both domestic and foreign players. With the wave of banking globalisation paving the way to increased foreign bank penetration in emerging and developing economies, this chapter surveys the implications of foreign bank entry in emerging market and developing economies on economic development.

Keywords: Development Studies; Economics and Finance; Politics and Public Policy (search for similar items in EconPapers)
Date: 2017
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