But in comparison with banks in developed and developing market, banks of the emerging market were impacted by the crisis in less extend due to the prudent policy and healthy The global financial crisis of 2008 has shown the importance of a sound and profitable banking industry in developed, developing and emerging countries as well.
In the context of banking activities of emerging market economies, the historical impact of its development, current trend and its impact in economic potential should be highlighted in advance. Understand the development of banking activities in emerging market economies not only for evaluating the impact of them for encouraging emerging economies' growth, but also establish the overall effect of these processes to global financial market.
As most of these transitions take place in emerging economies, and the role of those countries boosts, it is highly valuable to Notably, during the last few years, the role of the emerging economy in the world economy is increasing substantially due to its economic growth, industrial potentials and a massive supply of resources and labour to the advanced economy countries. The substantial transformation of banking activities was triggered by numerous changes in national and global level such as technological development, international competition, deregulation of financial services, banking crises, privatisation of state-owned banks and others. Over the last decades, the banking sector worldwide transformed continually. Keywords: banking industry emerging market economies financial instability financial markets bank performance In article the author described the process of development of banking activities in emerging market economy countries. The primary goal of this research work is to evaluate the extent of development of banking activities in emerging market countries and provide an analysis of the performance of emerging market banks. Despite a huge literature on this topic, the risk foreign banks impose on emerging market countries' domestic banks should be evaluated in advance. The number of researches conducted on the problem concentrated on two opposing opinions stating the foreign banks either encourage overall efficiency or cause financial instability. Moreover, during the last few years, the role of the emerging economy in the world economy is increasing substantially due to its economic growth, industrial potentials and a massive supply of resources and labour to the advanced economy countries. Therefore, it is highly valuable to understand the development of banking activities in emerging market economies not only for evaluating the impact of them for encouraging emerging economies' growth, but also establish the overall effect of these processes to global financial market. 1, 26-43ĭevelopment of Banking Activities in Emerging Market CountriesĤth-year undergraduate student, International Finance Faculty, Department of the World Economy and International Finance, Financial University, Moscow, Russia Mongolian People's Republic, Ulaanbaatar (Ulan Bator) global financial crisis of 2008 has shown the importance of a sound and profitable banking industry in developed, developing and emerging countries as well. Review of Business and Economics Studies 2019, Vol. Despite a huge literature on this topic, the risk foreign banks impose on emerging market countries’ domestic banks should be evaluated in advance. Therefore, it is highly valuable to understand the development of banking activities in emerging market economies not only for evaluating the impact of them for encouraging emerging economies’ growth, but also establish the overall effect of these processes to global financial market.
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