Review article
https://doi.org/10.38190/ope.10.2.13
The banking development within the framework of financial globalization
Dino Bruža
orcid.org/0000-0001-9178-1620
; Faculty of Economics Osijek
Luka Latkovich
; United Airline U.S.A.
Abstract
The concept of a bank has a long history of origin, but a short history in relation to as it is known today. The first traces of banking can historically be placed at a time when money was deposited with jewelers, but over time, the practice of lending surplus money has evolved, which is why its concept of commerce has changed. The subject of this study and research is the bank, primarily as a joint stock company. It reveals issues of functioning banks and banking, the relationship between the bank and other financial institutions, the financial and banking system, and the role and meaning of non-bank financial intermediaries. The purpose of this paper is to highlight the role and importance of banks in business, and to discover the degree of influence on other institutions. By elaborating on labor issues, it highlights their economic importance in financial globalization. The aim of this paper is to get to know its main tasks for which it was founded and the process of transformation of banking services in the global framework, especially in entrepreneurship. A research hypothesis has been formed: financial globalization affects the rapid development of banking, and reveals the great influence of the banking sector on other institutions. During this research several basic scientific methods were used (compilation method, descriptive method, specification and generalization methods and comparison method). Attention is placed on the comparison of the role and importance of the banking industry in the past and in the modern business world. The emphasis is placed on comparing the role and importance of the banking sector in the past and in the modern business world. The analysis of the development of banking and entrepreneurship forms a quality framework for further research, and gives an added value to the readers in terms of a better understanding of the differences between financial institutions, supported by practical examples of selected global banks in the global market.
Keywords
bank; banking system; financial operations; financial globalization; entrepreneurship
Hrčak ID:
248128
URI
Publication date:
17.12.2020.
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