Financial Services Liberalization in the WTO
Author | : Wendy Dobson |
Publisher | : |
Total Pages | : 352 |
Release | : 1998 |
Genre | : Electronic journals |
ISBN | : 9780881322545 |
Download Financial Services Liberalization in the WTO Book in PDF, ePub and Kindle
Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download Financial Services Liberalization In The Wto PDF full book. Access full book title Financial Services Liberalization In The Wto.
Author | : Wendy Dobson |
Publisher | : |
Total Pages | : 352 |
Release | : 1998 |
Genre | : Electronic journals |
ISBN | : 9780881322545 |
Author | : Aaditya Mattoo |
Publisher | : World Bank Publications |
Total Pages | : 58 |
Release | : 1999 |
Genre | : Competition |
ISBN | : |
It is difficult to design and implement an effective safety net for banks, because overgenerous protection of banks may introduce a risk-enhancing moral hazard and destabilize the very system it is meant to protect. The safety net that policymakers design must provide the right mix of market and regulatyory discipline, enough to protect depositors without unduly undermining market discipline on banks.
Author | : Wendy Dobson |
Publisher | : Washington, DC : Institute for International Economics |
Total Pages | : 388 |
Release | : 1998 |
Genre | : Business & Economics |
ISBN | : |
The stakes were high in the financial services negotiations that were completed in December 1997 at the World Trade Organization (WTO). The developing countries were eager to strengthen and modernize their financial systems. The industrial countries sought access to important emerging markets in Latin America and Asia for their banking, insurance, brokerage, and other financial services firms. In the end, both sides agreed to bind unilateral and regional financial opening and reform that was already under way in many countries, industrial and developing alike. The authors assess the agreement reached in the WTO, identifying its shortcomings and suggesting ways that it can be bolstered in future negotiations. They analyze the impact of the agreement, and of the Asian financial crisis, on the state of liberalization and market opening in several important emerging-market economies--including a summary of the remaining obstacles to establishing efficient and open financial sectors. This book estimates the benefits of opening the financial sector to foreign competition. It assesses the macroeconomic benefits that flow from an improved financial sector and discusses the risks and costs involved in liberalization. The authors conclude with a blueprint for future efforts to liberalize financial services and emphasize that the recent financial services agreement represented only a beginning step in that process.
Author | : Aaditya Mattoo |
Publisher | : |
Total Pages | : 66 |
Release | : 1998 |
Genre | : Competition |
ISBN | : |
Author | : Ludger Schuknecht |
Publisher | : World Bank Publications |
Total Pages | : 48 |
Release | : 2003 |
Genre | : Financial services industry |
ISBN | : |
The authors examine the determinants of market access commitments in international financial services trade in the General Agreement on Trade in Services (GATS). Based on a theoretical model, they investigate empirically the role of domestic political economy forces, international bargaining considerations, and the state of complementary policy. The empirical results confirm the relevance of the authors' model in explaining banking and (to a somewhat lesser degree) securities services liberalization commitments. The findings imply that those who seek greater access to developing country markets for financial services must do more to counter protectionism at home in areas of export interest for developing countries.
Author | : Masamichi Kōno |
Publisher | : |
Total Pages | : 76 |
Release | : 1997 |
Genre | : Business & Economics |
ISBN | : |
This publication explores some of the issues surrounding the financial services negotiations, analyzes what is at stake, and assesses what WTO members have already achieved in previous negotiations. This study contains detailed tables, charts, and boxes to help the reader understand some of the characteristics of the financial services sector and appreciate the full benefits of its trade liberalization.--Publisher's description.
Author | : Mr.Alexander Lehmann |
Publisher | : International Monetary Fund |
Total Pages | : 25 |
Release | : 2003-12-01 |
Genre | : Business & Economics |
ISBN | : 1451972202 |
This paper reviews the characteristics of international trade in services and of the World Trade Organization’s General Agreement on Trade in Services (GATS) framework, which was established to regulate it. Further liberalization of services trade in developing countries, as currently envisaged in the context of the WTO Doha Development Agenda, holds a number of potential benefits, such as underpinning the liberalization of goods trade, but it is also being resisted due to its potential adjustment costs. Two implications for IMF activities are examined: coherence among the three principal international economic institutions and sequencing with macroeconomic stabilization and regulatory reforms.
Author | : Mr.Alexei Kireyev |
Publisher | : International Monetary Fund |
Total Pages | : 29 |
Release | : 2002-08-01 |
Genre | : Business & Economics |
ISBN | : 1451856059 |
The paper explores empirically the links between the WTO-driven liberalization of trade in financial services and the stability of national financial systems. Econometric testing of indicators intended to proxy financial sector stability-subdivided into exchange rate and banking sector stability-suggests that opening of the financial sector is an efficient policy instrument at the disposal of the authorities for achieving a variety of macroeconomic goals. While liberalization is found to be broadly conducive to stability, the outcome of liberalization on exchange rate stability is less predictable than on banking sector stability.
Author | : Eric Miller |
Publisher | : BID-INTAL |
Total Pages | : 38 |
Release | : 1999 |
Genre | : Financial institutions, International |
ISBN | : 9507380833 |
Author | : Aik Hoe Lim |
Publisher | : Cambridge University Press |
Total Pages | : 395 |
Release | : 2014-03-13 |
Genre | : Business & Economics |
ISBN | : 1107062357 |
Innovative, interdisciplinary, practitioner-oriented insights into the key challenges faced in addressing the services trade liberalization and domestic regulation interface.