1997
DOI: 10.1590/s0034-75901997000400006
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Global banking: origins and evolution

Abstract: RESUMO:Este artigo revê as origens e a evolução das transações bancárias no mundo e indica a emergência de novas tendências para o ano 2000. ABSTRACT:This artiele reviews the origins and evolution of global banking and addresses the emerging patterns for the year 2000 and beyond.

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Cited by 6 publications
(5 citation statements)
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“…Moreover, Roussakis (1997) believed that the early beginnings of investment and commercial banking might be traced to Italy's twelfth century when the Italian merchant banking houses arose. These houses performed a bank's functions, such as accepting deposits, financing foreign trade, creating a market in foreign exchange, extending loans to particular people, and investing in industrial and commercial ventures.…”
Section: Literature Review Bankingmentioning
confidence: 99%
“…Moreover, Roussakis (1997) believed that the early beginnings of investment and commercial banking might be traced to Italy's twelfth century when the Italian merchant banking houses arose. These houses performed a bank's functions, such as accepting deposits, financing foreign trade, creating a market in foreign exchange, extending loans to particular people, and investing in industrial and commercial ventures.…”
Section: Literature Review Bankingmentioning
confidence: 99%
“…Although not on a scale comparable with globalization in modern times, banks were involved in cross-jurisdictional activities for centuries. What follows, based largely on Roussakis (1997), is an account of the historical international banking strongholds that dominated global fi nance.…”
Section: Box 11 a Brief Historical Perspective On International Bankingmentioning
confidence: 99%
“…Their efforts contributed to international trade and sovereign debt funding. For example, in the mid-15th century Medici Bank in Florence had branches in Rome, Venice, Avignon, London, Bruges, and Geneva; it distributed liquidity from the papal deposits through its branch network (Roussakis 1997). Eventually, the bankruptcy of the bank resulted at least in part from the losses in its "foreign" branches stemming from sovereign delinquencies (De Roover 1963).…”
Section: Box 11 a Brief Historical Perspective On International Bankingmentioning
confidence: 99%
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“…The events leading up to the crisis exhibit many similarities to the Financial Crisis of 2007. In the late eighteenth century, Amsterdam was an important cog in the global financial system (Roussakis, 1997). Financial activity was generally controlled by a small group of merchant banking firms, which were in essence privately-owned firms, dealing in both commodities and financial products.…”
Section: Amsterdam Banking Crisis (1763)mentioning
confidence: 99%