Abstract
The global financial crisis of 2008 has shown the importance of a sound and profitable banking industry in developed, developing and emerging countries as well. Therefore, it is highly valuable to understand the development of banking activities in emerging market economies not only for evaluating the impact of them for encouraging emerging economies’ growth, but also establish the overall effect of these processes to global financial market. Moreover, during the last few years, the role of the emerging economy in the world economy is increasing substantially due to its economic growth, industrial potentials and a massive supply of resources and labour to the advanced economy countries. The number of researches conducted on the problem concentrated on two opposing opinions stating the foreign banks either encourage overall efficiency or cause financial instability. Despite a huge literature on this topic, the risk foreign banks impose on emerging market countries’ domestic banks should be evaluated in advance. The primary goal of this research work is to evaluate the extent of development of banking activities in emerging market countries and provide an analysis of the performance of emerging market banks. In article the author described the process of development of banking activities in emerging market economy countries.
Highlights
Over the last decades, the banking sector worldwide transformed continually
During the last few years, the role of the emerging economy in the world economy is increasing substantially due to its economic growth, industrial potentials and a massive supply of resources and labour to the advanced economy countries
As most of these transitions take place in emerging economies, and the role of those countries boosts, it is highly valuable to understand the development of banking activities in emerging market economies for evaluating the impact of them for encouraging emerging economies’ growth, and establish the overall effect of these processes to global financial market
Summary
The banking sector worldwide transformed continually. The substantial transformation of banking activities was triggered by numerous changes in national and global level such as technological development, international competition, deregulation of financial services, banking crises, privatisation of state-owned banks and others. The current trend in analysis of many types of research is concentrated on banking activities of emerging economies of Asia, Latin America and Sub-Saharan Africa and its impact on encouraging economic and financial growth to the global level. The objective of assessing modern trends in the development of banking activities of emerging economy countries and establishing the role of them in encouraging economic and financial growth in the rough competition of global market would be performed by use of different statistical and non-statistical methods. To accomplish the goal of the research work the following tasks should be fulfilled in advance: To observe current trends in development and determinants that characterise banking activities of emerging market economy countries. The development of Chinese banks as representative of an emerging market economy country
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