Analyzes the growth of foreign banking activity in the US over the past two decades and evaluates the potential impact of this on United States banking institutions. The author demonstrates positive aspects of the situation including contribution of the foreign banks to the economy.
FARAMARZ DAMANPOUR is Professor of Finance and Business Law in the College of Business at James Madison University. He is the author of numerous articles in the area of banking and international finance and business. His recent articles have appeared in the Columbia Journal of World Business, the Journal of Retail Banking, Bankers Monthly, and the Asian Pacific Journal of Management. He is also the president and founder of the Association for Global Business, an educational organization devoted to fostering education and advancing professional standards in the fields of international business and related areas of global concern.