Professor Damanpour provides a unique insight into international
finance and banking. Often books of this nature are either too
theoretical or quantitative in nature. This book is a blend of both
areas and thus becomes a useful tool . . . . I would recommend this
book to anyone involved in international business irrespective of
their specialized interest.
"Brian A. Reynolds, Ph.D. Director, Center for International
Business National College of Education"
This groundbreaking study analyzes the rapid growth of foreign
banking activity in the United States over the course of the past
two decades and evaluates the potential impact of this development
on United States banking institutions. The author brings together a
substantial amount of information and data not previously available
in one source to examine both the overall status of foreign banks
in the United States and the structural components of international
banks and lending institutions. Unlike those who see the influx of
foreign banking in strictly negative terms, Damanpour demonstrates
some positive aspects of the situation including the contribution
of foreign banks to general improvement in the U.S. economy,
increased competition in the banking industry, the provision of a
flow of capital into U.S. balance of payments capital accounts, and
the introduction of innovative techniques and pricing
structures.
Damanpour begins by tracing the evolution of foreign banking and
the financial goals of key players. He goes on to illustrate the
institutional structure of international banking, detailing the
types of foreign banking offices that have been established in this
country. Subsequent chapters address the legal environment of
foreign banking, international financial markets, U.S.
international lending institutions, and such issues as the
motivation behind international banking market structure and
activities of foreign banks and major foreign banking concerns in
the United States. The final chapters look at developments in
international trade and banking and assess the impact of foreign
banks and their future prospects. Written in a style accessible to
both students and practitioners, this is an excellent text for
courses in international finance, business, and political science
programs as well as an important source of background information
for members of the banking community concerned with developing
appropriate responses to the increased foreign presence on the U.S.
banking scene. Numerous tables enhance the text.
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