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Essay / Research Paper Abstract
This 6 page paper looks at what is meant by an international bank, using different definition and then looks at the role of the banks and the main influences that have been seen. The bibliography cites 12 sources.
Page Count:
6 pages (~225 words per page)
File: TS14_TEinterbanks.rtf
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Unformatted sample text from the term paper:
exchanged" (Dictionary.com, 2005). This covers a large amount of potential tasks. The structure of the banking industry is one where there are three main types of bank. At the top
of the hierarchy is the central bank. Each country only has one central bank, for the UK this is the Bank of England, should we join the single European Currency
this will become the European Central Bank, with the Bank of England then playing subsidiary role to the ECB. The central bank has several functions, they issue the money, and
control the money supply, regulate the clearing services that are operated by the main clearing banks, they are the governments banker, holding the government reserves, they set reserve ratios, and
are the lender of last resort, this means that have the power to bail out banks when the need arises. Commercial banks are those that we see on most high
streets in most countries. These are the main banks, usually, but not always clearing houses, that make and receive payments on behave of their account holders, will make the loans
to individuals as well as businesses, as well as offer a range of other services, either directly or indirectly. It is into this environment that an investment bank fits. Some
of these banks may be perceived as international banks. The definition of international may be seen as "Of, relating to, or involving
two or more nations or Extending across or transcending national boundaries" (Dictionary.com, 2005). Put this together with banking and the definition of an international bank is simple. It is one
that operates over two or more nations. This is a definition that agrees with Herring (1993). With this definition may of the commercial banks will fit the description with
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