Template-Type: ReDIF-Article 1.0
Author-Name: Evgeny A. Bogdanyuk
Author-Email: bogdanyuk-ea@ranepa.ru
Author-Workplace-Name: Center for Central Banking Studies, Institute for Applied Economic Research, Russian Presidential Academy of National Economy and Public Administration
Author-Name: Pavel V. Trunin
Author-Email: pt@ranepa.ru
Author-Workplace-Name: Center for Central Banking Studies, Institute for Applied Economic Research, Russian Presidential Academy of National Economy and Public Administration
Title: The Development of a Eurocurrency Banking Market in the World Economy
Abstract: The article considers key factors and consequences of the development of eurocurrency bank intermediation during the second half of the 20th — 21st century. The analysis finds a portfolio reason (changes in the risk-return trade-offs) and shifts in the investment flows direction (a rise in the share of developing countries’ savings in their total volume) to be the crucial factors of the disproportionately high growth rates of eurocurrency banking activities. The article studies monetary and financial stability issues against the background of eurocurrency intermediation development.
Classification-JEL: E44, E51
Keywords: eurocurrency banking, financial intermediation, portfolio theory, monetary policy, financial stability, reserve requirements
Journal: Finansovyj žhurnal — Financial Journal
Pages: 79-88
Issue: 3
Year: 2016
Month: June
File-URL: http://www.nifi.ru/images/FILES/Journal/Archive/2016/3/statyi_3/07.pdf
File-Format: Application/pdf
Handle: RePEc:fru:finjrn:160307:p:79-88