УДК 94 Всеобщая история
Objective: to determine and compare the key trends that occurred in transnational banking after 2008-2009 economic crisis and 2020 pandemic. Methods: comparison, data grouping, historical method, theoretical cognition. Results: basing on the analysis of scientific economic literature and statistical data, the main trends in the development of transnational banking since 2008-2009 economic crisis has been revealed, which include strengthening position of China and other fast-growing markets as transnational banks’ home countries and the growing importance of developing and emerging markets as transnational banks’ host countries, the geographic expansion of their activities; diametrically opposite trends have been determined after 2020 pandemic, namely, the weakening position of transnational banks from China, loss of positions of developing and emerging countries as transnational banks’ host countries, transnational bank’ shift from globalization to regionalization. Scientific novelty: for the first time on the basis of up-to-date data, the article studies the newest trends in in transnational banking and makes predictions on the possible development of banks in the nearest future. Practical significance: the conclusions and suggestions of the article can be used policymakers in coping with new trends in transnational banks and their influences on national economies.
Transnational banks, Trends, Crises, Pandemic, Host countries, Home countries, Globalization
1. Arsenova L. Post-Crisis Strategies of Transnational Banks. Rossiyskoe predprinimatelstvo - No. 2(177). 2011. - P. 98-102. (in Russian)
2. Hawkins J., Mihaljek D. The Banking Industry in the Emerging Market Economies: Competition, Consolidation and Systemic Stability - an Overview. BIS Papers - No. 4. 2001. - P. 1-45. (in English)
3. The Bankers. Official Site. [Electronic resource]. URL: http://www.thebanker.com/ (date of access: 05/10/2020). (in English)
4. Zapotcihna R. Analysis of the Activities of Transnational Banks in the Countries of the World During 1980-2015. Visnyk ONU im. I. I. Mechnykova. - Т. 21(9), 2016. - P. 12-16. (in Ukrainian)
5. Borst N., Creehan S. Asian Banks Go Global. 2015. [Electronic resource]. URL: http://www.frbsf.org/banking/asia-program/pacific-exchange-blog/asian-banks-go-global/ (date of access: 04/22/2020). (in English)
6. Calkins J. Banking Abroad: The Globalization of Chinese Banks. 2013. [Electronic resource]. URL: http://www.chinabusinessreview.com/banking-abroad/ (date of access: 04/22/2020). (in English)
7. Xu Y., Nellis J. Foreign Transnational Banks in China: are their Entry Strategies Different? Journal of Chinese Economic and Business Studies, 2008. - P. 23-28. (in English)
8. Gallagher K., Irwin A., Koleski K. The New Banks in Town: Chinese Finance in Latin America. 2012. [Electronic resource]. URL: http://ase.tufts.edu/gdae/Pubs/rp/GallagherChineseFinanceLatinAmerica.pdf (date of access: 04/25/2020). (in English)
9. Cerutti E., Claessens S. The Great Cross-Border Bank Deleveraging: Supply Constraints and Intra-Group Frictions. IMF Working Paper. - № 14(180). 2014. - P. 1-38. (in English)
10. Claessens S., Van Horen N. Foreign Banks: Trends, Impact and Financial Stability. IMF Working Paper. - No. 12(14), 2012. - P. 1-39. (in English)
11. Tooze A. The Coronavirus Is the Biggest Emerging Markets Crisis Ever. 2020. Retrieved from: URL: https://foreignpolicy.com/2020/03/28/coronavirus-biggest-emerging-markets-crisis-ever/ (date of access: 05/10/2020). (in English)
12. Marous J. Reimagining Banking During and After COVID-19. 2020. Retrieved from: Reimagining%20Banking%20During%20and%20After%20COVID-19_04%202020%20(1).pdf (date of access: 05/11/2020). (in English)
13. IMF Global Financial Stability Report. 2020. Retrieved from: IMF_GlobFinStabRep_14%2003%202020.pdf (date of access: 05/11/2020). (in English)
14. Caplen B. How will the coronavirus impact China’s banks? The bankers. 2020. Retrieved from: URL: https://www.thebanker.com/Editor-s-Blog/How-will-the-coronavirus-impact-China-s-banks (date of access: 05/10/2020). (in English)
15. Weinland D. China’s big four banks face coronavirus profit hit Financial Times. 2020. Retrieved from: URL: https://www.ft.com/content/606e5e25-f537-4c57-8376-c8343a69c73f (date of access: 05/09/2020). (in English)
