Abstract
International banks have played a key role in the financial integration of global financial markets and the economic integration of countries. Their role as geographic intermediaries has helped send capital to countries and regions that previously had difficulty attracting funds. But because of poor risk and liquidity management, the banks also played a central role in the 2008–2009 financial crisis. European banks remain weakened by the Euro-Zone’s sovereign debt crisis, as policymakers search for a resolution. This article presents a broad look at international banking since the 1960s, and, to a lesser extent, the role of financial institutions generally in world financial markets.
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Winder, J. (2013). A Survey Article on International Banking. In: Lee, CF., Lee, A. (eds) Encyclopedia of Finance. Springer, Boston, MA. https://doi.org/10.1007/978-1-4614-5360-4_53
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DOI: https://doi.org/10.1007/978-1-4614-5360-4_53
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