Eurozone debt crises versus new opportunities for global internet banking collaboration and strategic alliances in the EU and Balkan countries
Küçük Resim Yok
Tarih
2012
Yazarlar
Dergi Başlığı
Dergi ISSN
Cilt Başlığı
Yayıncı
Elsevier Science Bv
Erişim Hakkı
info:eu-repo/semantics/openAccess
Özet
Today internet banking is an alternative delivery channel developed by using internet to offer banking services. International banking sector started to use the internet not only as an innovative payment method to increase customer convenience, but also as a way to reduce costs and enhance profits. It is observed that the retail markets have remained essentially national/local and internet banking is gaining wider public acceptance in the EU. Internet banking activities continue to increase in the EU region through the opportunities internet provides for the banking sector as well as its low cost benefits for banks. This paper examines internet banking in the context of the banking sector which has a great importance due to its big effect on the economy of the EU and Balkan countries. Debt-induced economic austerity is destroying the European banking sector which derives no benefit from the borrowed billions but must now make great sacrifices to bail out. In this study, the potential risk of the Sub-Prime banking crisis into a sovereign debt one in Euro area countries is investigated. Nevertheless, the serious threats, which concern Greece and Italy, do not permit us to exclude the occurrence of contagious sovereign debt crises in Euro area in the future. There will be economic pain if the Greeks continue with the euro and there will be economic pain if the Greeks leave the euro. (C) 2012 Published by Elsevier Ltd. Selection and/or peer-review under responsibility of the 8th International Strategic Management Conference
Açıklama
8th International Strategic Management Conference -- JUN 21-23, 2012 -- Barcelona, SPAIN
Anahtar Kelimeler
Internet Banking, The EU, Enlargement Countries, Debt Crises
Kaynak
8th International Strategic Management Conference
WoS Q Değeri
N/A
Scopus Q Değeri
Cilt
58
