Research on the Impact of Bank Activities on Economic Dynamics: International Experience
Journal of Economic Cooperation and Development, vol.46, no.1, pp.131-158, 2025 (Scopus)
- Publication Type: Article / Article
- Volume: 46 Issue: 1
- Publication Date: 2025
- Doi Number: 10.5281/zenodo.16875152
- Journal Name: Journal of Economic Cooperation and Development
- Journal Indexes: Scopus, International Bibliography of Social Sciences, ABI/INFORM, EconLit, Index Islamicus
- Page Numbers: pp.131-158
- Keywords: Financial Crises, Financial Stability, Globalization of Finance, Innovations, Regulatory Reforms
- Open Archive Collection: Article
- Azerbaijan State University of Economics (UNEC) Affiliated: Yes
Abstract
The study scrutinized the regulatory approaches to banking in countries such as the USA, Germany, Switzerland, Turkey, Azerbaijan, and Uzbekistan through a detailed analysis of their legal and financial practices, which revealed the main principles and differences in banking regulation. The methodological approach included analysis of data from official websites of central banks and financial institutions of the USA, Germany, Switzerland, Turkey, Azerbaijan and Uzbekistan, as well as reports and analytical materials of leading financial publications. The study compares banking regulation approaches in developed (USA, Switzerland, Germany, Turkey) and transition (Azerbaijan, Uzbekistan) economies, examining the impact of financial innovations on banking activities. The effectiveness of regulatory reforms is assessed, key factors influencing economic dynamics and financial stability are identified, and challenges in the context of globalization and fintech development are outlined. Recommendations are proposed to enhance banking regulation and promote economic stability and growth. The obtained results confirmed that efficient banking activity is an important factor of economic dynamics. The experience of other countries serves as a valuable source of knowledge in forming an effective strategy for the development of the banking system and the economy as a whole.