Explaining Liberalization Commitments In Financial Services Trade
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Explaining Liberalization Commitments In Financial Services Trade
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Author : Ludger Schuknecht
language : en
Publisher: World Bank Publications
Release Date : 2003
Explaining Liberalization Commitments In Financial Services Trade written by Ludger Schuknecht and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003 with Financial services industry categories.
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.
Explaining Liberalization Commitments In Financial Services Trade
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Author : Philipp Harms
language : en
Publisher:
Release Date : 2016
Explaining Liberalization Commitments In Financial Services Trade written by Philipp Harms and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016 with categories.
Harms, Mattoo, and Schuknecht 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.This paper - a product of Trade, Development Research Group - is part of a larger effort in the group to assess the implications of liberalizing trade in services. This research was supported in part by the U.K. Department for International Development.
Financial Services And The World Trade Organization
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Author : Aaditya Mattoo
language : en
Publisher: World Bank Publications
Release Date : 1999
Financial Services And The World Trade Organization written by Aaditya Mattoo and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999 with Competition categories.
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.
Wto Trade In Services
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Author : Rüdiger Wolfrum
language : en
Publisher: BRILL
Release Date : 2008-02-28
Wto Trade In Services written by Rüdiger Wolfrum and has been published by BRILL this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008-02-28 with Business & Economics categories.
With the establishment of the WTO, trade in services became part of the world trade order. Volume 6 is dedicated to these rather recent developments. It covers the core agreement, the General Agreement on Trade in Services (GATS) with annexes, as well as the additional instruments , which have been adopted later on to govern the liberalization in specific sectors. Those are the Understanding on Commitments in Financial Services, the Second Protocol on Financial Services, the Third Protocol on the Movement of Natural Persons, the Fourth Protocol on Basic Telecommunications and the Fifth Protocol, which contains further rules for financial services. This volume will be a valuable reference tool for the WTO community as a whole, as well as for professionals and researchers, who deal with one of the sectors concerned, e.g. financial services and telecommunications. Furthermore, it is highly relevant in view of those sectors, which are the subject of ongoing liberalization efforts or earmarked for future negotiations, namely accounting, legal services, transport, tourism, environmental services, legal and educational services.
The Regulation Of International Trade Volume 3
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Author : Petros C. Mavroidis
language : en
Publisher: MIT Press
Release Date : 2020-11-24
The Regulation Of International Trade Volume 3 written by Petros C. Mavroidis and has been published by MIT Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-11-24 with Law categories.
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.
The Gats Agreementon Financial Services
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Author : Ms.Piritta Sorsa
language : en
Publisher: International Monetary Fund
Release Date : 1997-05-01
The Gats Agreementon Financial Services written by Ms.Piritta Sorsa and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 1997-05-01 with Business & Economics categories.
This paper analyzes the links between multilateral, and unilateral financial liberalization, the former represented by the General Agreements on Trade in Services (GATS). It provides an overview of the main features of the GATS and what the participants in banking and securities within its framework, and compares GATS liberalization with the actual state of liberalization of the participants’ financial sectors. The results suggest that in many countries multilaterally liberalized financial sector policies are more restrictive than the actual state of openness or development of financial sectors. Many emerging markets liberalized little under the GATS despite often well-developed financial markets, while the opposite was true in some less developed developing countries.
Wto Financial Services Commitments
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Author : Nico Valckx
language : en
Publisher:
Release Date : 2005
Wto Financial Services Commitments written by Nico Valckx and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005 with categories.
The paper investigates the factors that have influenced WTO members to take on their chosen level of liberalization commitments in the framework of liberalization of trade in financial services and the impact of such commitments on financial sector stability. The most important factors are economic growth, current account, trends in banking sector development, policy restrictiveness, and peer group effects. The econometric evidence suggests that more liberal commitments may be associated with greater vulnerability to currency and banking crises - most likely a short-term effect, which should be mitigated with time through increased market efficiency and better resource allocation.
International Trade In Services
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Author : Mr.Alexander Lehmann
language : en
Publisher: International Monetary Fund
Release Date : 2003-12-01
International Trade In Services written by Mr.Alexander Lehmann and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003-12-01 with Business & Economics categories.
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.
The Doha Round And Financial Services Negotiations
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Author : Sydney J. Key
language : en
Publisher: American Enterprise Institute
Release Date : 2003
The Doha Round And Financial Services Negotiations written by Sydney J. Key and has been published by American Enterprise Institute this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003 with Business & Economics categories.
This study provides a unique framework for analyzing the role of the GATS and the WTO in the liberalization and regulation of the financial services sector.
National Regulation And Trade Liberalization In Services
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Author : Markus Krajewski
language : en
Publisher: Kluwer Law International B.V.
Release Date : 2003-01-01
National Regulation And Trade Liberalization In Services written by Markus Krajewski and has been published by Kluwer Law International B.V. this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003-01-01 with Law categories.
Like tariffs and other border measures, national regulatory barriers impede international trade. Unlike tariffs, however, such barriers usually indicate an important domestic policy choice. This 'conflict of interest' has emerged as a crucial issue in international law, particularly with regard to services, such as telecommunications and health services. This study is the first to analyze the potential impact of incompatibilities between national regulatory regimes and the rules and obligations imposed by the General Agreement on Trade in Services (GATS). In the process of arriving at his challenging concluding theses, the author investigates such relevant concepts as the following: the political and ideological dynamics of GATS negotiations services trade liberalization in regional integration systems, particularly in EC law policies common to diverse national regulatory systems the notions of 'deregulation' and 'privatization' the human rights implications of international trade law the GATS obligations of market access, national treatment, and most-favoured-nation treatment the role of the WTO's dispute settlement organs GATS transparency obligations Professor Krajewski's study is of enormous significance to specialists in regulatory policies and instruments at all national and sectoral levels, especially in the context of ongoing GATS negotiations. As the author warns: Unless GATS negotiators and national regulators have a thorough understanding of the relationship between GATS obligations and regulatory policies and instruments, they cannot effectively use the flexible elements of GATS and could reach an agreement which they may later regret.