Reexport of financial services
DOI:
https://doi.org/10.12775/EQUIL.2010.025Keywords:
reexport, re-export, financial services, banking, export, capital reexportAbstract
The present article deals with the research of the concept of ?reexport of financial services? in banking, the examples of its practical expression and influence on economical processes. For theoretical formulation of the ?reexport of financial services? concept the author uses method of inductive evidence to compare the concepts of export and reexport of goods and services, as well as analyzes historical information on the given subject. Special attention is paid to the comparison of ?reexport of financial services? with ?reexport of capital?. The above mentioned research resulted in the author?s derivation of reexport theory. As practical examples of reexport of financial services the author quotes current schemes used by Latvian banks in their work with fast money transfers and with financial instruments trading on global markets. The article is completed by a disclosure and survey of positive and negative aspects of the influence of reexport, including financial services, on both subjects of economics and economy as a whole.
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