21. Global Banking
- Author:
- Tom Barry, Martha Honey, and Christian Weller
- Publication Date:
- 05-1998
- Content Type:
- Policy Brief
- Institution:
- Foreign Policy In Focus
- Abstract:
- International banking activities frequently result in financial instability and serious economic downturns as financial markets become more open and deregulated. Competition from multinational banks has reduced the availability of credit to small- and medium-sized enterprises, to low- and middle-income consumers, and to farmers. While economies experience financial instabilities and declining credit, governments are losing the means to protect their domestic markets.
- Topic:
- Economics, Government, International Organization, and International Trade and Finance