British Banking International Development,Measurement And Its Reference

After the subprime mortgage crisis in 2008,the global economy as a whole was in the doldrums,and the economic recovery in various countries was weak.Some developed countries released signals of anti-globalization.In 2018,US President Trump repeatedly pressures China,and the voice of trade war has risen frequently.The economic integration and financial internationalization pattern established since the Second World War seems to face unprecedented challenges.Banking industry,as an important component of the financial industry,occupies an important position in the development of the global financial industry integration.Britain,as a representative of the capitalist countries,has a long history of international development.This paper selects British banking internationalization as main research content,which has certain reference significance in the current era.First,this paper divides the internationalization of British banking into four stages: the period of international expansion in the colonial period,the period of international competition before and after the Second World War,the period of internationalization during the financial explosion,and the period of international adjustment after the financial crisis,to have an overall analysis and discussion.Secondly,this paper uses a multivariate GARCH-DCC model to measure the internationalization level of British banking from 2008 to 2017,and finds that: from 2008 to 2009 the internationalization level of British banking is low,from 2010 to 2014 the internationalization level of British banking is high,since 2015 the internationalization level of British banking begins to decline.Then,this paper selects 108 commercial banks whose registered addresses are in London as a sample,to construct a panel data model to study the impact of internationalization level to British banking profitability,and finds that: the internationalization level of British banking has a positive effect on profitability.Finally,this paper summarizes the research conclusions: banking internationalization is the future trend,banking internationalization faces more risk,banking internationalization has unbalanced income distribution.It also proposes policy recommendations: the Chinese banking should stick to internationalization and go global,the Chinese banking should actively implement risk management,the Chinese banking should rationally distribute internationalized revenue.