International Banking Trade and Public Finance 

Description

Bank is a financial institution which deals with other people’s money i.e. money given by depositors. Public Finance is that part of finance which hovers around the central question of allocation of resources subjected to the budget constraint of the government or public entities. International trade is the exchange of capital, goods, and services across international borders or territories. In most countries, such trade represents a significant share of gross domestic product (GDP). While international trade has been present throughout much of history, its economic, social, and political importance has been on the rise in recent centuries. Industrialisation, advanced transportation, globalisation, multinational corporations, and outsourcing are all having a major impact on the international trade system. Increasing international trade is crucial to the continuance of globalisation. Without international trade, nations would be limited to the goods and services produced within their own borders.
As international banking evolved over the years, the international dimension of financial stability increased in importance and economic agents gained access to a broader range of financial services. This book starts with a discussion of how the cross-border expansion of banking activities has affected the riskiness of individual banks and the financial system as a whole. It then turns to a discussion of the impact of international banking on economic integration and growth.