The major integration features of banking system
The internationalization of the banking sector in developing countries brings both significant benefits and challenges. Foreign banks promote competition, efficiency and financial inclusion, which accelerates the integration of local banking systems into the global economy. However, the arrival of l...
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EDP Sciences
2025-01-01
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| Series: | BIO Web of Conferences |
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| Online Access: | https://www.bio-conferences.org/articles/bioconf/pdf/2025/02/bioconf_mblc2024_04008.pdf |
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| author | Mirhashimli Leyla Hasanova Afag Choriev A. |
| author_facet | Mirhashimli Leyla Hasanova Afag Choriev A. |
| author_sort | Mirhashimli Leyla |
| collection | DOAJ |
| description | The internationalization of the banking sector in developing countries brings both significant benefits and challenges. Foreign banks promote competition, efficiency and financial inclusion, which accelerates the integration of local banking systems into the global economy. However, the arrival of large international players may increase risks and force local banks to make significant changes. Studies show that the influence of foreign banks is ambiguous and depends on the level of economic development of the country. When assessing the effects of globalization, it is important to consider the differences between developed and developing countries. In periods of economic crisis, foreign banks can play a stabilizing role, but they can also import shocks from their own countries. To maximize benefits and minimize risks, it is necessary to develop a strategy that ensures a balanced presence of foreign banks, supports competition and innovation, but does not allow excessive concentration of bank capital. In this context, the internationalization of financial services becomes an important tool for strengthening and liberalizing the financial systems of developing countries, opening new opportunities for their economic growth and sustainable development. Since the collapse of the Bretton Woods system and the beginning of the era of financial liberalization, one of the most important manifestations of the process of integration of the banking sector into the world economy has been the expansion of foreign banking capital into foreign markets. Financial sector liberalization is intended to provide equal opportunities for financial institutions to access the international market or reduce restrictions from local regulators. Liberalization of the banking industry is one of the most important financial sector liberalization programs. |
| format | Article |
| id | doaj-art-8c5186e02fe44c37ac6c4b2f920382f1 |
| institution | Kabale University |
| issn | 2117-4458 |
| language | English |
| publishDate | 2025-01-01 |
| publisher | EDP Sciences |
| record_format | Article |
| series | BIO Web of Conferences |
| spelling | doaj-art-8c5186e02fe44c37ac6c4b2f920382f12025-02-05T10:42:42ZengEDP SciencesBIO Web of Conferences2117-44582025-01-011510400810.1051/bioconf/202515104008bioconf_mblc2024_04008The major integration features of banking systemMirhashimli Leyla0Hasanova Afag1Choriev A.2Western Caspian UniversityWestern Caspian University“Tashkent Institute of Irrigation and Agricultural Mechanization Engineers” National Research UniversityThe internationalization of the banking sector in developing countries brings both significant benefits and challenges. Foreign banks promote competition, efficiency and financial inclusion, which accelerates the integration of local banking systems into the global economy. However, the arrival of large international players may increase risks and force local banks to make significant changes. Studies show that the influence of foreign banks is ambiguous and depends on the level of economic development of the country. When assessing the effects of globalization, it is important to consider the differences between developed and developing countries. In periods of economic crisis, foreign banks can play a stabilizing role, but they can also import shocks from their own countries. To maximize benefits and minimize risks, it is necessary to develop a strategy that ensures a balanced presence of foreign banks, supports competition and innovation, but does not allow excessive concentration of bank capital. In this context, the internationalization of financial services becomes an important tool for strengthening and liberalizing the financial systems of developing countries, opening new opportunities for their economic growth and sustainable development. Since the collapse of the Bretton Woods system and the beginning of the era of financial liberalization, one of the most important manifestations of the process of integration of the banking sector into the world economy has been the expansion of foreign banking capital into foreign markets. Financial sector liberalization is intended to provide equal opportunities for financial institutions to access the international market or reduce restrictions from local regulators. Liberalization of the banking industry is one of the most important financial sector liberalization programs.https://www.bio-conferences.org/articles/bioconf/pdf/2025/02/bioconf_mblc2024_04008.pdfinternationalizationforeign banksdeveloping countriesbanking systemcompetitionfinancial serviceseconomic growthfinancial stabilityfinancial integration |
| spellingShingle | Mirhashimli Leyla Hasanova Afag Choriev A. The major integration features of banking system BIO Web of Conferences internationalization foreign banks developing countries banking system competition financial services economic growth financial stability financial integration |
| title | The major integration features of banking system |
| title_full | The major integration features of banking system |
| title_fullStr | The major integration features of banking system |
| title_full_unstemmed | The major integration features of banking system |
| title_short | The major integration features of banking system |
| title_sort | major integration features of banking system |
| topic | internationalization foreign banks developing countries banking system competition financial services economic growth financial stability financial integration |
| url | https://www.bio-conferences.org/articles/bioconf/pdf/2025/02/bioconf_mblc2024_04008.pdf |
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