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Author : Guy V. T. Gensey
Publisher : National Library of Canada = Bibliothèque nationale du Canada
Page : 410 pages
File Size : 45,8 Mb
Release : 2003
Category : Canada
ISBN : UCSD:31822033375932
Author : Mr.Alexander Lehmann,Mr.Jaroslaw Wieczorek,Ms.Natalia T. Tamirisa
Publisher : International Monetary Fund
Page : 25 pages
File Size : 51,6 Mb
Release : 2003-12-01
Category : Business & Economics
ISBN : 9781451972207
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 : Pierre Sauve,Aaditya Mattoo
Publisher : World Bank Publications
Page : 244 pages
File Size : 48,9 Mb
Release : 2003-08-29
Category : Political Science
ISBN : 9780821383438
Trade in services, far more than trade in goods, is affected by a variety of domestic regulations, ranging from qualification and licensing requirements in professional services to pro-competitive regulation in telecommunications services. Experience shows that the quality of regulation strongly influences the consequences of trade liberalization. WTO members have agreed that a central task in the ongoing services negotiations will be to develop a set of rules to ensure that domestic regulations support rather than impede trade liberalization. Since these rules are bound to have a profound impact on the evolution of policy, particularly in developing countries, it is important that they be conducive to economically rational policy-making. This book addresses two central questions: What impact can international trade rules on services have on the exercise of domestic regulatory sovereignty? And how can services negotiations be harnessed to promote and consolidate domestic policy reform across highly diverse sectors? The book, with contributions from several of the world's leading experts in the field, explores a range of rule-making challenges arising at this policy interface, in areas such as transparency, standards and the adoption of a necessity test for services trade. Contributions also provide an in-depth look at these issues in the key areas of accountancy, energy, finance, health, telecommunications and transportation services.
Author : Ludger Schuknecht,Philipp Harms,Aaditya Mattoo
Publisher : World Bank Publications
Page : 48 pages
File Size : 51,8 Mb
Release : 2003
Category : Financial services industry
ISBN : 8210379456XXX
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 : United States. Congress. House. Committee on Financial Services. Subcommittee on Domestic and International Monetary Policy, Trade, and Technology
Publisher : Unknown
Page : 164 pages
File Size : 47,6 Mb
Release : 2006
Category : Business & Economics
ISBN : PSU:000058949368
Author : Aaditya Mattoo
Publisher : World Bank Publications
Page : 58 pages
File Size : 46,9 Mb
Release : 1999
Category : Competition
ISBN : 8210379456XXX
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 : Chantal Ononaiwu
Publisher : OUP Oxford
Page : 380 pages
File Size : 50,7 Mb
Release : 2014-01
Category : Law
ISBN : 0199599742
The General Agreement on Trade in Services of the World Trade Organization is designed to liberalize trade barriers to services, including banking. This book investigates its prospects for success in the wake of the financial crisis, and explores the tension between its goal of liberalizing trade in services and national desires for regulation.
Author : L. Páez
Publisher : Springer
Page : 263 pages
File Size : 53,6 Mb
Release : 2011-07-19
Category : Business & Economics
ISBN : 9780230316829
This book focuses on the relationship between FDI and financial service liberalization in the context of the WTO. By conducting an economic assessment on the extent of GATS liberalization in commercial banking it seeks to empirically clarify if the multilateral liberalization efforts under the WTO promote FDI.
Author : Olin Lewis Wethington
Publisher : McGraw-Hill Companies
Page : 568 pages
File Size : 51,6 Mb
Release : 1994
Category : Capital movements
ISBN : UCSD:31822020803383
Author : Petros C. Mavroidis
Publisher : MIT Press
Page : 753 pages
File Size : 46,6 Mb
Release : 2020-11-24
Category : Law
ISBN : 9780262360616
A comprehensive analysis of GATS that considers its historical context, the national preferences that shaped it, and a path to a GATS 2.0. The previous two volumes in The Regulation of International Trade analyzed the General Agreement on Tariffs and Trade (GATT), the first successful agreement to generate multilateral trade liberalization, and the World Trade Organization (WTO), for which the GATT laid the groundwork. In this third volume, Petros Mavroidis turns to the General Agreement on Trade in Services (GATS), a WTO treaty that took effect in 1995, and offers a comprehensive analysis that considers the historical context of the GATS, the national preferences that shaped it, and a path to a GATS 2.0.
Author : Bernard M. Hoekman
Publisher : World Bank Publications
Page : 62 pages
File Size : 43,8 Mb
Release : 2006
Category : Acuerdos comerciales
ISBN : 8210379456XXX
Abstract: Since the mid 1980s a substantial amount of research has been undertaken on trade in services. Much of this is inspired by the World Trade Organization or regional trade agreements, especially the European Union, but an increasing number of papers focus on the impacts of services sector liberalization. This paper surveys the literature, focusing on contributions that investigate the determinants of international trade and investment in services, the potential gains from greater trade (and liberalization), and efforts to cooperate to achieve such liberalization through trade agreements. It concludes that there is increasing evidence that services liberalization is an important source of potential welfare gains, but relatively little research has been done that can inform the design of international cooperation-both trade agreements and development assistance-so as to more effectively promote development objectives.
Author : Hazel J Johnson,Patricia M Langley
Publisher : World Scientific
Page : 136 pages
File Size : 52,7 Mb
Release : 2003-01-06
Category : Business & Economics
ISBN : 9789814493468
Trade Agreements and Financial Services examines the cross-border agreements that have historically been focused on the trade of merchandise goods. Increasingly, emphasis is being placed on the provision of cross-border services. Notable among these are financial services. There is a clear link between economic development and the availability of financial products. Moreover, the financial services sector is, itself, a major industry that is fueling growth. The conditions under which financial services are offered in an international context are the subject of debate in the Western Hemisphere, Europe, Asia, and Latin America. Contents:Trade Agreements and Their Critical ElementsFinancial Transactions Without BordersGeneral Agreement on Trade in Services: Agreement on Financial ServicesAsian Pacific Economic CooperationFree Trade Area of the AmericasBeyond Trade Agreements: European Monetary Union Readership: Undergraduates and professionals in finance. Keywords:
Author : Masamichi Kōno
Publisher : Unknown
Page : 76 pages
File Size : 50,6 Mb
Release : 1997
Category : Business & Economics
ISBN : STANFORD:36105021671701
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 : Ms.Natalia T. Tamirisa
Publisher : International Monetary Fund
Page : 23 pages
File Size : 55,8 Mb
Release : 1999-07-01
Category : Business & Economics
ISBN : 9781451851267
International financial liberalization may alter saving-investment imbalances and patterns of capital flows across countries. In a panel of OECD countries for 1990–96, this study examines how the liberalization of capital movements and financial services trade affects net private capital flows. Capital inflows tend to fall (rise) with the liberalization of commercial presence in banking and securities (insurance) services, possibly reflecting an increase (decrease) in saving. Capital account liberalization is found to stimulate capital inflows, suggesting that better access to external financing helps sustain larger fiscal and current account deficits. When cross-border trade is liberalized, capital flows change insignificantly.
Author : Geoffrey J. Bannister,Bradley J. McDonald,Piritta Sorsa,Jaroslaw Wieczorek,Natalia T. Tamirisa
Publisher : INTERNATIONAL MONETARY FUND
Page : 39 pages
File Size : 45,8 Mb
Release : 2000-02-01
Category : Electronic
ISBN : 1451845014
This paper reviews the economics of trade policy in financial services, highlighting differences between trade across borders and through commercial presence. Trade liberalization could complement other financial reforms by enhancing the efficiency, quality, and variety of financial services and by encouraging improvement of financial regulations and practices. However, it raises sectoral, strategic, and cultural concerns. The design of trade policy should therefore emphasize the nexus with the macroeconomic framework and other financial sector policies, especially prudential and capital account regulations. It should also differentiate between types of trade. National reforms should be coordinated with multilateral trade agreements and initiatives on international financial architecture.
