Transmission mechanisms of international competitiveness and expansion of transnational banks in countries with emerging markets

This paper is dedicated to investigation of theoretical and practical aspects of impact transnational banks have on competitive environment of emerging financial markets. It develops systematisation of structural changes in international banking activity in the context of global financial instability, and identifies basic tendencies in globalisation and transnationalism of banking activity. Mechanisms of support of international competitiveness of a national economy in the context of interaction with transnational banking capital are researched. The paper also identifies negative effects of processes of entry of transnational banking capital on the national economy.