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Banking

In: Handbook of Globalisation and Development

Author

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  • Sasidaran Gopalan

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.

Suggested Citation

  • Sasidaran Gopalan, 2017. "Banking," Chapters, in: Kenneth A. Reinert (ed.), Handbook of Globalisation and Development, chapter 14, pages 234-250, Edward Elgar Publishing.
  • Handle: RePEc:elg:eechap:15966_14
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