Financial globalization and Latin American banking associations
Autor(a) principal: | |
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Data de Publicação: | 2007 |
Tipo de documento: | Artigo |
Idioma: | por |
Título da fonte: | Civitas - Revista de Ciências Sociais (Porto Alegre. Online) |
Texto Completo: | https://revistaseletronicas.pucrs.br/index.php/civitas/article/view/120 |
Resumo: | This study analyzes the implications of the current financial globalization process on the structure and dynamic of the class organization, specifically the banking associational system in Latin America. The participation of foreign financial on the boards of the associations is the principal criteria adopted for this study that includes nineteen associations in fourteen countries in addition to the Latin American Bank Federation (Felaban), with a total of 212 board-positions. The results obtained indicate an active presence of foreign banks in these banking associations, marked by the fact that they control nearly half the board positions. Eleven financial groups from Europe and the United States occupy nearly 1/3 of the positions, and simultaneously participate in banking associations in three or more countries, establishing what we call transassociative networks. The most significant examples are Citibank (Citigroup), and the Santander and Bilbao Vizcaya banks each of which participates in bank associations in seven countries. The study discusses the particularities and possible social-political implications of this process. Keywords: Financial globalization; bank associations, transassociative networks; power of banks |
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Financial globalization and Latin American banking associationsGlobalização financeira e as associações de bancos na América LatinaThis study analyzes the implications of the current financial globalization process on the structure and dynamic of the class organization, specifically the banking associational system in Latin America. The participation of foreign financial on the boards of the associations is the principal criteria adopted for this study that includes nineteen associations in fourteen countries in addition to the Latin American Bank Federation (Felaban), with a total of 212 board-positions. The results obtained indicate an active presence of foreign banks in these banking associations, marked by the fact that they control nearly half the board positions. Eleven financial groups from Europe and the United States occupy nearly 1/3 of the positions, and simultaneously participate in banking associations in three or more countries, establishing what we call transassociative networks. The most significant examples are Citibank (Citigroup), and the Santander and Bilbao Vizcaya banks each of which participates in bank associations in seven countries. The study discusses the particularities and possible social-political implications of this process. Keywords: Financial globalization; bank associations, transassociative networks; power of banksO trabalho analisa as implicações do atual processo de globalização financeira sobre a estrutura e a dinâmica da representação de classe do empresariado financeiro na América Latina, especificamente as associações de bancos. A participação das instituições financeiras estrangeiras na composição das diretorias das associações é o critério principal adotado para a pesquisa que inclui dezenove associações, em quatorze países, além da Federação Latino-Americana de Bancos (Felaban), com um total de 212 cargos de direção. Os resultados obtidos indicam uma ativa presença dos bancos estrangeiros na medida em que controlam quase a metade dos postos de direção, com destaque para onze grupos financeiros da Europa e dos Estados Unidos que, praticamente, ocupam 1/3 dos cargos, atuando de forma simultânea em associações, em três ou mais países, constituindo o que denominou-se como redes transassociativas. Os exemplos mais significativos são o Citibank (Citigroup), e os Bancos Santander e Bilbao Vizcaya que participam em associações de bancos de sete países. O trabalho discute algumas particularidades e possíveis implicações sócio-políticas deste processo. Palavras-chave: globalização financeira; associações de bancos; redes transassociativas; poder dos bancosEditora da Pucrs - ediPUCRS2007-05-03info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionapplication/pdfhttps://revistaseletronicas.pucrs.br/index.php/civitas/article/view/12010.15448/1984-7289.2003.2.120Civitas: journal of Social Sciences; Vol. 3 No. 2 (2003): The business world; 245-272Civitas: revista de Ciências Sociais; Vol. 3 Núm. 2 (2003): O universo empresarial; 245-272Civitas: revista de Ciências Sociais; v. 3 n. 2 (2003): O universo empresarial; 245-2721984-72891519-608910.15448/1984-7289.2003.2reponame:Civitas - Revista de Ciências Sociais (Porto Alegre. Online)instname:Pontifícia Universidade Católica do Rio Grande do Sul (PUCRS)instacron:PUC_RSporhttps://revistaseletronicas.pucrs.br/index.php/civitas/article/view/120/115Copyright (c) 2016 Civitas - Revista de Ciências Sociaishttps://creativecommons.org/licenses/by-nc-nd/4.0info:eu-repo/semantics/openAccessMinella, Ary Cesar2016-08-29T19:56:45Zoai:ojs.revistaseletronicas.pucrs.br:article/120Revistahttps://revistaseletronicas.pucrs.br/index.php/civitas/oaiPRIhttp://revistaseletronicas.pucrs.br/ojs/index.php/civitas/oaicivitas@pucrs.br1984-72891519-6089opendoar:2016-08-29T19:56:45Civitas - Revista de Ciências Sociais (Porto Alegre. Online) - Pontifícia Universidade Católica do Rio Grande do Sul (PUCRS)false |
dc.title.none.fl_str_mv |
Financial globalization and Latin American banking associations Globalização financeira e as associações de bancos na América Latina |
title |
Financial globalization and Latin American banking associations |
spellingShingle |
Financial globalization and Latin American banking associations Minella, Ary Cesar |
title_short |
Financial globalization and Latin American banking associations |
title_full |
Financial globalization and Latin American banking associations |
title_fullStr |
Financial globalization and Latin American banking associations |
title_full_unstemmed |
Financial globalization and Latin American banking associations |
title_sort |
Financial globalization and Latin American banking associations |
author |
Minella, Ary Cesar |
author_facet |
Minella, Ary Cesar |
author_role |
author |
dc.contributor.author.fl_str_mv |
Minella, Ary Cesar |
description |
This study analyzes the implications of the current financial globalization process on the structure and dynamic of the class organization, specifically the banking associational system in Latin America. The participation of foreign financial on the boards of the associations is the principal criteria adopted for this study that includes nineteen associations in fourteen countries in addition to the Latin American Bank Federation (Felaban), with a total of 212 board-positions. The results obtained indicate an active presence of foreign banks in these banking associations, marked by the fact that they control nearly half the board positions. Eleven financial groups from Europe and the United States occupy nearly 1/3 of the positions, and simultaneously participate in banking associations in three or more countries, establishing what we call transassociative networks. The most significant examples are Citibank (Citigroup), and the Santander and Bilbao Vizcaya banks each of which participates in bank associations in seven countries. The study discusses the particularities and possible social-political implications of this process. Keywords: Financial globalization; bank associations, transassociative networks; power of banks |
publishDate |
2007 |
dc.date.none.fl_str_mv |
2007-05-03 |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion |
format |
article |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
https://revistaseletronicas.pucrs.br/index.php/civitas/article/view/120 10.15448/1984-7289.2003.2.120 |
url |
https://revistaseletronicas.pucrs.br/index.php/civitas/article/view/120 |
identifier_str_mv |
10.15448/1984-7289.2003.2.120 |
dc.language.iso.fl_str_mv |
por |
language |
por |
dc.relation.none.fl_str_mv |
https://revistaseletronicas.pucrs.br/index.php/civitas/article/view/120/115 |
dc.rights.driver.fl_str_mv |
Copyright (c) 2016 Civitas - Revista de Ciências Sociais https://creativecommons.org/licenses/by-nc-nd/4.0 info:eu-repo/semantics/openAccess |
rights_invalid_str_mv |
Copyright (c) 2016 Civitas - Revista de Ciências Sociais https://creativecommons.org/licenses/by-nc-nd/4.0 |
eu_rights_str_mv |
openAccess |
dc.format.none.fl_str_mv |
application/pdf |
dc.publisher.none.fl_str_mv |
Editora da Pucrs - ediPUCRS |
publisher.none.fl_str_mv |
Editora da Pucrs - ediPUCRS |
dc.source.none.fl_str_mv |
Civitas: journal of Social Sciences; Vol. 3 No. 2 (2003): The business world; 245-272 Civitas: revista de Ciências Sociais; Vol. 3 Núm. 2 (2003): O universo empresarial; 245-272 Civitas: revista de Ciências Sociais; v. 3 n. 2 (2003): O universo empresarial; 245-272 1984-7289 1519-6089 10.15448/1984-7289.2003.2 reponame:Civitas - Revista de Ciências Sociais (Porto Alegre. Online) instname:Pontifícia Universidade Católica do Rio Grande do Sul (PUCRS) instacron:PUC_RS |
instname_str |
Pontifícia Universidade Católica do Rio Grande do Sul (PUCRS) |
instacron_str |
PUC_RS |
institution |
PUC_RS |
reponame_str |
Civitas - Revista de Ciências Sociais (Porto Alegre. Online) |
collection |
Civitas - Revista de Ciências Sociais (Porto Alegre. Online) |
repository.name.fl_str_mv |
Civitas - Revista de Ciências Sociais (Porto Alegre. Online) - Pontifícia Universidade Católica do Rio Grande do Sul (PUCRS) |
repository.mail.fl_str_mv |
civitas@pucrs.br |
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1799128804925374464 |