THE FRUSTRATED QUEST TO GLOBALIZE BANKING
During the late 1980s and 1990s, a diverse group of actors began to work toward a common goal: the elimination of barriers to foreign participation in the banking sectors of large emerging economies. The group included the Bretton Woods institutions (the World Bank and the International Monetary Fun...
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Published in | Globalizing in Hard Times p. 23 |
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Main Author | |
Format | Book Chapter |
Language | English |
Published |
United States
Cornell University Press
22.10.2009
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Edition | 1 |
Subjects | |
Online Access | Get full text |
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Summary: | During the late 1980s and 1990s, a diverse group of actors began to work toward a common goal: the elimination of barriers to foreign participation in the banking sectors of large emerging economies. The group included the Bretton Woods institutions (the World Bank and the International Monetary Fund), some of the largest American and European financial institutions, their home governments, and their countries’ trade negotiators. Their motivations were different; the Bretton Woods institutions peddled liberalization in the name of sound financial policy and economic growth, foreign banks did so with an eye to raising profits through overseas expansion, and their |
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ISBN: | 9780801447556 0801447550 |