Assignment title and further details (e.g. presentation length):Do Foreign Direct Investment inflows affect bank competition? Evaluate using an example of Eastern European Country from the list below.*Czech Republic, Hungary, Poland, Slovak Republic, SloveniaSTEP 1: 40% ASSIGNMENT DEADLINE 24th April 2023 Background of the study Banking environment of your chosen country Recent history of banking industry of your chosen countryMotivations for studying the problem and research questionsLiterature reviewConcentration and competition measures and their differences Concentration approach and empirical literature. Competition approach and empirical literature. Effect of Foreign Direct Investment STEP 2: 60% ASSIGNMENT DEADLINE 14th June 2023 Data sources and sample description Created dataset and its descriptive statisticsResearch methodologyRegression modelVariable definitions (dependent and independent variable(s))Regression analysis and resultsSummary conclusions Potential policy implications of research and suggestionsLimitations of research Please be aware that the bank data should be accessed via Fitch Connect Dataset available through the UEA library catalogue. Foreign Direct Investment variable can be obtained using World Development Indicators (World Bank database).The choice of banks should include specialisations such as: Commercial Banks Real Estate & Mortgage Bank Finance Companies (Credit Card, Factoring & Leasing) Cooperative Bank Investment Banks Specialized Governmental Credit Institution The time period in which the data should be collected should not exceed years prior to 1999.