INNOVATIVE TRENDS OF INTERNATIONAL BANKING BUSINESS (CASE OF AZERBAIJAN)

Development of the international banking business, the formation of its new paradigm in the context of globalization of the financial system and the intensification of global economic relations in recent years requires the innovative component. The combination of innovations, financial and external...

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Autor principal: F. F. Murshudli
Formato: article
Lenguaje:EN
RU
Publicado: MGIMO University Press 2018
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Acceso en línea:https://doaj.org/article/01f1c65d962f4b57a2041a382af392a2
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spelling oai:doaj.org-article:01f1c65d962f4b57a2041a382af392a22021-11-23T14:50:38ZINNOVATIVE TRENDS OF INTERNATIONAL BANKING BUSINESS (CASE OF AZERBAIJAN)2071-81602541-909910.24833/2071-8160-2018-1-58-186-212https://doaj.org/article/01f1c65d962f4b57a2041a382af392a22018-05-01T00:00:00Zhttps://www.vestnik.mgimo.ru/jour/article/view/757https://doaj.org/toc/2071-8160https://doaj.org/toc/2541-9099Development of the international banking business, the formation of its new paradigm in the context of globalization of the financial system and the intensification of global economic relations in recent years requires the innovative component. The combination of innovations, financial and external economic environment is one of the most important factors that characterize the phenomenon of the “new economy”. Therefore, innovative processes should be considered in conjunction with the changes of the processes connected with the foreign trade banking.  The article gives a brief overview of the scientific literature on the international banking business and its innovative trends. Prerequisites are disclosed, direction and purpose of banking innovations, the area of their implementation and multi-vector forms of manifestation, reveals problems of innovative development of the international banking business, identifies potential paths of their solutions. The necessity of implementation of the innovative methods and instruments of bank service of foreign economic activity is justified and measures for their introduction in this process are offered.  A wide spectrum of innovative trends of international banking business is defined as internal competitive environment, and external vectors. The author draws the attention to the contribution of the improvement of the sustainability and competitiveness of the business in terms of volatility of market processes. In the article on the example of the Republic of Azerbaijan presents practical recommendations on the development of innovative technologies in the banking system, the implementation of main tasks in this area, which are aimed to the development of effective management decisions on innovative international banking business in the foreseeable short and medium term.F. F. MurshudliMGIMO University Pressarticleinternational banking businessfinancial globalizationinnovative trendsbank innovationbanking services of foreign economic activitiesInternational relationsJZ2-6530ENRUVestnik MGIMO-Universiteta, Vol 0, Iss 1(58), Pp 186-212 (2018)
institution DOAJ
collection DOAJ
language EN
RU
topic international banking business
financial globalization
innovative trends
bank innovation
banking services of foreign economic activities
International relations
JZ2-6530
spellingShingle international banking business
financial globalization
innovative trends
bank innovation
banking services of foreign economic activities
International relations
JZ2-6530
F. F. Murshudli
INNOVATIVE TRENDS OF INTERNATIONAL BANKING BUSINESS (CASE OF AZERBAIJAN)
description Development of the international banking business, the formation of its new paradigm in the context of globalization of the financial system and the intensification of global economic relations in recent years requires the innovative component. The combination of innovations, financial and external economic environment is one of the most important factors that characterize the phenomenon of the “new economy”. Therefore, innovative processes should be considered in conjunction with the changes of the processes connected with the foreign trade banking.  The article gives a brief overview of the scientific literature on the international banking business and its innovative trends. Prerequisites are disclosed, direction and purpose of banking innovations, the area of their implementation and multi-vector forms of manifestation, reveals problems of innovative development of the international banking business, identifies potential paths of their solutions. The necessity of implementation of the innovative methods and instruments of bank service of foreign economic activity is justified and measures for their introduction in this process are offered.  A wide spectrum of innovative trends of international banking business is defined as internal competitive environment, and external vectors. The author draws the attention to the contribution of the improvement of the sustainability and competitiveness of the business in terms of volatility of market processes. In the article on the example of the Republic of Azerbaijan presents practical recommendations on the development of innovative technologies in the banking system, the implementation of main tasks in this area, which are aimed to the development of effective management decisions on innovative international banking business in the foreseeable short and medium term.
format article
author F. F. Murshudli
author_facet F. F. Murshudli
author_sort F. F. Murshudli
title INNOVATIVE TRENDS OF INTERNATIONAL BANKING BUSINESS (CASE OF AZERBAIJAN)
title_short INNOVATIVE TRENDS OF INTERNATIONAL BANKING BUSINESS (CASE OF AZERBAIJAN)
title_full INNOVATIVE TRENDS OF INTERNATIONAL BANKING BUSINESS (CASE OF AZERBAIJAN)
title_fullStr INNOVATIVE TRENDS OF INTERNATIONAL BANKING BUSINESS (CASE OF AZERBAIJAN)
title_full_unstemmed INNOVATIVE TRENDS OF INTERNATIONAL BANKING BUSINESS (CASE OF AZERBAIJAN)
title_sort innovative trends of international banking business (case of azerbaijan)
publisher MGIMO University Press
publishDate 2018
url https://doaj.org/article/01f1c65d962f4b57a2041a382af392a2
work_keys_str_mv AT ffmurshudli innovativetrendsofinternationalbankingbusinesscaseofazerbaijan
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