Risks and opportunities stemming from the local concept of a bank: effects of socio-cultural and political background on banking systems of Germany and China

Nazarova Nazarova (2022) Risks and opportunities stemming from the local concept of a bank: effects of socio-cultural and political background on banking systems of Germany and China. Külkereskedelmi Kar.

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Absztrakt (kivonat)

Local concepts of banks shape the banking system of the society and set a framework for functioning of this system. Each concept has its strengths and weaknesses, since no perfect solution has been elaborated yet. There are valid reasons behind the choice of a concept in a particular country, since each government implements such banking system and financial markets that would fit objectives, norms, social structure and cultural background of the state it is in charge of. And each government tries to mitigate risks, making an emphasis on and regulating aspects that it considers to be most crucial. However, nowadays, financial systems of various national states are to cooperate in a common environment. The world has become global indeed and the financial network, which enables functioning of real economic sector, turned out to be very vulnerable. Moreover, it seems that this global financial network is exposed to all the risks its participants bear. Understanding of the cultural basis can help to determine real and potential risks and opportunities that a particular banking system contains. It can facilitate better assessment of stability and reliability of a current or potential foreign partner bank. On the basis of this evaluation preventive measures can be developed and introduced. Since a spread of a financial crisis can be described as a domino effect, a rapid implementation of countermeasures by regulatory institutions and partners of a failing bank can minimize a devastating impact of the latter. The research question of the given study is about which risks and opportunities the concept of banks, shared by the local society, brings in to the banking system of the latter. The introduction provides a concise summary that gives an insight into the aim, scope, relevance, research strategy, and practical application of the results of the study as well as other significant details. The first chapter covers the concepts of a bank in Chinese and German societies. It includes various definitions of a bank and a banking system, provides an overview of socialist and capitalist types of economy, and contains analysis of cultural and historical background of banking systems of China and Germany. The second chapter contains the observation of behavior of banking systems of Germany and China in 1960-2017 and their response to local and international political and economic events. Condition of banks of the two countries throughout the period was evaluated on the basis of their structure of assets and liabilities and indicators of efficiency. The third chapter is devoted to the comparison of the effect of political and socio-cultural settings of the two countries on their banking systems. Similarities and differences are outlined and key factors are compared. Then risks and opportunities stemming from the core principles and values of the society that were inserted into the base of banking systems are determined. Finally, the conclusion is drawn about relevance of local cultural aspects in determining the economic position and prospects of a particular banking system, as well as about strengths and weaknesses inserted into the core of German and Chinese banking systems. The research is based on primary and secondary data from reputable sources such as the World Bank, OECD reports and the European Central Bank publications. For analysis of economic aspects, works of prominent authors like Yoon Je Cho, Martin Hellwig, Alicia Garcia-Herrero and Daniel Santabarbara were used. For analysis of historical and cultural aspects, a number of specialized web-sites, books and researches were studied.

Intézmény

Budapesti Gazdasági Egyetem

Kar

Külkereskedelmi Kar

Tanszék

Nemzetközi Kereskedelem és Logisztika Tanszék

Tudományterület/tudományág

NEM RÉSZLETEZETT

Szak

Nemzetközi Gazdaság és Gazdálkodás (angol)

Mű típusa:	diplomadolgozat (NEM RÉSZLETEZETT)
Kulcsszavak:	analysis, banks and banking, China, cultural diversity, financial culture, Germany, international finance
SWORD Depositor:	Archive User
Felhasználói azonosító szám (ID):	Archive User
Rekord készítés dátuma:	2022. Okt. 11. 09:48
Utolsó módosítás:	2022. Okt. 14. 10:26

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