Researh Department, Central Bank of Nigeria
Liberalization, Globalisation, Cross-border banking, Ethical issues
The author analysed the fundamental claim of equilibrium theory and the derived claims applied to cross border banking and showed that the claim lack empirical content. It also reviewed recent history of globalization of finance to show that every major banking, currency or sovereign debt banking has been preceded by deepening and widening of financial liberalization.
Garba, A., Usman, M.M. & Sanusi, R. (2009). Theoretical, ethical and strategic issues in liberalization and globalization: the case of cross-border banking. Economic and Financial Review, 47(4), 29-53.