The Evolution of Foreign Banking Institutions in the United States
Editorial Reviews
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"As the relative US dominance of the world's financial resources has diminished, the domestic banking market has witnessed substantial and growing entry of foreign banking institutions. In this readable study Damanpour, a widely published student of finance, has assembled a substantial amount of information relating to the impact of foreign banking activity upon the domestic market. In addition he lays out in some considerable detail the similar and simultaneous overseas expansion of US banks. The author convincingly argues that foreign entry has benefited both banking and its customers by expanding competition and serving as a source of innovation in an industry where regulation has long acted to impede market-driven change. The theoretical explanation of the growth of international banking, the legal structure under which it operates, and the likely future of global banking are examined as well. Extensive bibliography; well-documented footnotes, very complete index. A suitable addition to undergraduate international finance collections."
Review
“As the relative US dominance of the world's financial resources has diminished, the domestic banking market has witnessed substantial and growing entry of foreign banking institutions. In this readable study Damanpour, a widely published student of finance, has assembled a substantial amount of information relating to the impact of foreign banking activity upon the domestic market. In addition he lays out in some considerable detail the similar and simultaneous overseas expansion of US banks. The author convincingly argues that foreign entry has benefited both banking and its customers by expanding competition and serving as a source of innovation in an industry where regulation has long acted to impede market-driven change. The theoretical explanation of the growth of international banking, the legal structure under which it operates, and the likely future of global banking are examined as well. Extensive bibliography; well-documented footnotes, very complete index. A suitable addition to undergraduate international finance collections.”–
The Evolution of Foreign Banking Institutions in the United States
The Evolution of Foreign Banking Institutions in the United States,Faramarz Damanpour,Quorum Books,0899303714,Banks & Banking,Banks and banking, Foreign,Business / Economics / Finance,Business/Economics,Finance,International Banking,United States,Business & Economics / Finance
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