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The Development of a Eurocurrency Banking Market in the World Economy

Author

Listed:
  • Evgeny A. Bogdanyuk

    (Center for Central Banking Studies, Institute for Applied Economic Research, Russian Presidential Academy of National Economy and Public Administration)

  • Pavel V. Trunin

    (Center for Central Banking Studies, Institute for Applied Economic Research, Russian Presidential Academy of National Economy and Public Administration)

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.

Suggested Citation

  • Evgeny A. Bogdanyuk & Pavel V. Trunin, 2016. "The Development of a Eurocurrency Banking Market in the World Economy," Finansovyj žhurnal — Financial Journal, Financial Research Institute, Moscow 125375, Russia, issue 3, pages 79-88, June.
    • Handle: RePEc:fru:finjrn:160307:p:79-88
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    More about this item

    Keywords

    eurocurrency banking; financial intermediation; portfolio theory; monetary policy; financial stability; reserve requirements;
    All these keywords.

    JEL classification:

    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
    • E51 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Money Supply; Credit; Money Multipliers

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