Internationalization of banks and its influence on economic develop-ment and stability

Pawel Marszalek Pawel Marszalek
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Pawel Marszalek Pawel Marszalek: The Poznan University of Economics Department of Money and Banking

Working papers from Financialisation, Economy, Society & Sustainable Development (FESSUD) Project

Abstract: Financialization process was accompanied by many phenomena and processes occurring in individual domestic economies, as well as on the supranational level. Some of them rein-forced additionally financialization tendencies whereas the other were stimulated and ag-gravated by those very tendencies. Precise evaluation of causality is hardly possible here, nevertheless, one may point at most strict connection between financialization – its develop-ment, dynamics or scale – and such processes like, for instance, globalization, deregulation, liberalization, changes of forms and types of money and internationalization of financial insti-tutions The aim of the paper is to characterize, also in the context of the Global Financial Cri-sis of 2007, features and consequences of banking systems internationalization and to draw some insights on its potential influence on stability of financial systems and economic per-formance. First, there are presented definitions and main features of internationalization processes. Then, chronology of internationalization, with reference to progress in globaliza-tion and financialization, is described. After that there is presented survey of existing studies on internationalization and its consequences for different agents involved, as well as for whole economies – both the home countries of multinational banks and economies of host countries .

Keywords: internationalization; multinational banks; financialization; banking systems (search for similar items in EconPapers)
JEL-codes: F33 G18 G21 (search for similar items in EconPapers)
Pages: 35 pages
Date: 2015-09-01
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