Trade In Financial Services And Capital Movements

Author : Ms.Natalia T. Tamirisa
Publisher : International Monetary Fund
Page : 23 pages
File Size : 40,7 Mb
Release : 1999-07-01
Category : Business & Economics
ISBN : 9781451851267

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Trade in Financial Services and Capital Movements by Ms.Natalia T. Tamirisa Pdf

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 : International Monetary Fund. Strategy, Policy, & Review Department,International Monetary Fund. Legal Dept.
Publisher : International Monetary Fund
Page : 17 pages
File Size : 50,9 Mb
Release : 2010-07-09
Category : Business & Economics
ISBN : 9781498336857

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Reference Note on Trade in Financial Services by International Monetary Fund. Strategy, Policy, & Review Department,International Monetary Fund. Legal Dept. Pdf

This note addresses key issues with respect to trade policy in financial services and its linkages to capital flows, and prudential regulations and supervision under the General Agreement on Trade in Services (GATS), preferential trade agreements (PTAs), and bilateral investment treaties (BITs). The note should help inform the advice that country teams provide on such issues in the context of surveillance, program negotiations, and technical assistance. It is a response to the Executive Board’s call for guidance in this area stemming from the 2009 IEO Evaluation of IMF Involvement in International Trade Policy Issues.

Author : Eric Miller
Publisher : BID-INTAL
Page : 38 pages
File Size : 45,5 Mb
Release : 1999
Category : Financial institutions, International
ISBN : 9789507380839

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Financial services in the trading system by Eric Miller Pdf

Author : Mr.Alexander Lehmann,Mr.Jaroslaw Wieczorek,Ms.Natalia T. Tamirisa
Publisher : International Monetary Fund
Page : 25 pages
File Size : 42,6 Mb
Release : 2003-12-01
Category : Business & Economics
ISBN : 9781451972207

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International Trade in Services by Mr.Alexander Lehmann,Mr.Jaroslaw Wieczorek,Ms.Natalia T. Tamirisa Pdf

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 : Heinz Wolfgang Arndt
Publisher : Unknown
Page : 40 pages
File Size : 48,5 Mb
Release : 1988
Category : Banks and banking, International
ISBN : UCSD:31822015628589

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Comparative Advantage in Trade in Financial Services by Heinz Wolfgang Arndt Pdf

Author : Martin Feldstein
Publisher : University of Chicago Press
Page : 500 pages
File Size : 53,5 Mb
Release : 2007-12-01
Category : Business & Economics
ISBN : 9780226241807

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International Capital Flows by Martin Feldstein Pdf

Recent changes in technology, along with the opening up of many regions previously closed to investment, have led to explosive growth in the international movement of capital. Flows from foreign direct investment and debt and equity financing can bring countries substantial gains by augmenting local savings and by improving technology and incentives. Investing companies acquire market access, lower cost inputs, and opportunities for profitable introductions of production methods in the countries where they invest. But, as was underscored recently by the economic and financial crises in several Asian countries, capital flows can also bring risks. Although there is no simple explanation of the currency crisis in Asia, it is clear that fixed exchange rates and chronic deficits increased the likelihood of a breakdown. Similarly, during the 1970s, the United States and other industrial countries loaned OPEC surpluses to borrowers in Latin America. But when the U.S. Federal Reserve raised interest rates to control soaring inflation, the result was a widespread debt moratorium in Latin America as many countries throughout the region struggled to pay the high interest on their foreign loans. International Capital Flows contains recent work by eminent scholars and practitioners on the experience of capital flows to Latin America, Asia, and eastern Europe. These papers discuss the role of banks, equity markets, and foreign direct investment in international capital flows, and the risks that investors and others face with these transactions. By focusing on capital flows' productivity and determinants, and the policy issues they raise, this collection is a valuable resource for economists, policymakers, and financial market participants.

Author : Alan H. Gelb,Silvia B. Sagari
Publisher : World Bank Publications
Page : 39 pages
File Size : 41,7 Mb
Release : 1990
Category : Bancos - Paises en desarrollo
ISBN : 8210379456XXX

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Trade in Banking Services by Alan H. Gelb,Silvia B. Sagari Pdf

The response of developing countries to the U.S. proposal to liberalize trade in financial services ranges from cautious to hostile. Opening borders to foreign competition - like the wide-ranging domestic reforms needed in most developing countries - must proceed but at a moderate pace.

Author : Masamichi Kōno
Publisher : Unknown
Page : 76 pages
File Size : 47,5 Mb
Release : 1997
Category : Business & Economics
ISBN : STANFORD:36105021671701

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Opening Markets in Financial Services and the Role of the GATS by Masamichi Kōno Pdf

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 : United States. Congress. House. Committee on Financial Services. Subcommittee on Domestic and International Monetary Policy, Trade, and Technology
Publisher : Unknown
Page : 224 pages
File Size : 42,7 Mb
Release : 2003
Category : Business & Economics
ISBN : STANFORD:36105063464619

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Opening trade in financial services-the Chile and Singapore examples by United States. Congress. House. Committee on Financial Services. Subcommittee on Domestic and International Monetary Policy, Trade, and Technology Pdf

Author : Dilip K. Ghosh,Edgar Ortiz
Publisher : Springer
Page : 350 pages
File Size : 41,5 Mb
Release : 2016-01-01
Category : Business & Economics
ISBN : 9781349231614

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The Changing Environment of International Financial Markets by Dilip K. Ghosh,Edgar Ortiz Pdf

This edited collection examines the emerging issues arising from increasingly globalized financial markets. Topics covered include: the exchange of rate market, equilibrium and efficiency, inflation and interest rates, capital movements, the balance of payments and international reserves, foreign debt, country risk analysis, currency market arbitrage and speculative designs under market imperfection, international tax issues and trade liberalization and offshore banking.

Author : National Research Council,Division of Behavioral and Social Sciences and Education,Commission on Behavioral and Social Sciences and Education,Panel on International Capital Transactions,Anne Y. Kester
Publisher : National Academies Press
Page : 224 pages
File Size : 48,5 Mb
Release : 1995-10-12
Category : Political Science
ISBN : 9780309176903

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Following the Money by National Research Council,Division of Behavioral and Social Sciences and Education,Commission on Behavioral and Social Sciences and Education,Panel on International Capital Transactions,Anne Y. Kester Pdf

Many questions have been raised about America's status in the increasingly interconnected global economy. Yet key factsâ€"such as the amount of foreign assets abroad owned by U.S. citizensâ€"are not known. The crucial data needed to assess the U.S. position are unavailable. This volume explores significant shortcomings in U.S. data on international capital transactions and their implications for policymakers. The volume offers clearcut recommendations for U.S. agencies to bring data collection and analyses of the global economy into the twenty-first century. The volume explores: How factors emerging since the early 1980s have shaped world financial markets and revealed shortcomings in data collection and analysis. How the existing U.S. data system works and where it fails how measurements of international financial transactions are recorded; and how swaps, options, and futures present special reporting problems. How alternative methods, such as collecting data, from sources such as global custodians and international clearinghouses, might improve coverage and accuracy.

Author : National Research Council,Division of Behavioral and Social Sciences and Education,Commission on Behavioral and Social Sciences and Education,Committee on National Statistics,Panel on Foreign Trade Statistics
Publisher : National Academies Press
Page : 312 pages
File Size : 45,5 Mb
Release : 1992-02-01
Category : Political Science
ISBN : 9780309045902

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Behind the Numbers by National Research Council,Division of Behavioral and Social Sciences and Education,Commission on Behavioral and Social Sciences and Education,Committee on National Statistics,Panel on Foreign Trade Statistics Pdf

America's international economic decisions rest to a large degree on the information available to policymakers. Yet the quality of international trade and financial data is in serious doubt. This book reveals how our systems for collecting and analyzing trade data have fallen behind the times-and presents recommendations for new approaches to accuracy and usefulness of these economic data. The volume traces the burgeoning use of international economic data by public and private analysts at a time when the United States is becoming increasingly integrated into the world economy. It also points out problems of capturing new transactions, comparing data from different sources, limited access to the data, and more. This is the first volume to review all three types of U.S. international data-merchandise trade, international services transactions, and capital flows. Highlights include: Specific steps for U.S. agencies to take. Special analyses on improving the accuracy of merchandise trade data, filling data gaps on the fast-growing international services transactions, and understanding structural changes in world capital markets. Comments, complaints, and suggestions from an original survey of more than 100 key users of trade data. This practical volume will be invaluable to policymakers, government officials, business executives, economists, statisticians, and researchers.

Author : International Monetary Fund
Publisher : IMF
Page : 108 pages
File Size : 54,7 Mb
Release : 2007-04-27
Category : Business & Economics
ISBN : UCSD:31822034242560

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Financial Globalization by International Monetary Fund Pdf

This publication gathers together articles, that have appeared in Finance & Development over the past eight years, which dealt with the inplications of, and responses to, globalization. The focus is on financial globalization, including the policy implications of the huge growth in cross-border capital flows.

Author : Showkat Ali
Publisher : Taylor & Francis
Page : 200 pages
File Size : 48,7 Mb
Release : 1998
Category : Business & Economics
ISBN : 0815330731

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Capital Flows, Saving, and Investment in the World Economy by Showkat Ali Pdf

This study examines the major macroeconomic determinants and the structural relationships of current account variability, capital flows, saving and investment in open economies that are linked to the international financial markets. It explores the appropriateness of domestic policy responses (such as money stock growth, government spending, openness criteria, GDP growth) and the size of population or the impact of external shocks (such as exchange rate variability and the terms of trade uncertainty) for determining the domestic saving-investment comovement and capital flows worldwide. This analysis finds that even high positive correlations between national saving and investment rates could naturally arise within a perfect capital mobility framework where domestic policy variability and external shocks are likely to play a significant role for capital inflow.

Author : Organisation for Economic Co-operation and Development
Publisher : Unknown
Page : 140 pages
File Size : 45,8 Mb
Release : 1990
Category : Business & Economics
ISBN : STANFORD:36105043190268

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Liberalisation of Capital Movements and Financial Services in the OECD Area by Organisation for Economic Co-operation and Development Pdf