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- W144919817 abstract "Publisher SummaryThis chapter discusses about international banking. The major national commercial banks are entering the merchant banking and investment banking fields, which were formerly the province of smaller, specialist banks. Barriers are everywhere breaking down and there is an accelerating tendency for traditionally domestic banks and a situation of global competition is developing. Banks are moving out of their domestic enclaves, to trade in wider international markets. The banking community seeks to support the weakling with a lifeboat arrangement or a deposit-insurance scheme such as the Community-wide proposal being discussed at present. The consequent expansion of the Eurodollar and Eurocurrency markets gave banks new opportunities to gain expertise in the free markets, while the opening of branches of banks from all over the world in major centres like London brought further contacts with bankers experiencing different types of control. Universal banking means that a bank is able to offer every kind of service in every type of financial market." @default.
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- W144919817 date "1982-01-01" @default.
- W144919817 modified "2023-09-27" @default.
- W144919817 title "INTERNATIONAL BANKING" @default.
- W144919817 doi "https://doi.org/10.1016/b978-0-434-98505-0.50022-8" @default.
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