Trade in Financial Services and Capital Movements /

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. Capi...

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Détails bibliographiques
Auteur principal: Tamirisa, Natalia
Format: Revue
Langue:English
Publié: Washington, D.C. : International Monetary Fund, 1999.
Collection:IMF Working Papers; Working Paper ; No. 1999/089
Accès en ligne:Full text available on IMF
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300 |a 1 online resource (22 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a 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. 
538 |a Mode of access: Internet 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 1999/089 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/1999/089/001.1999.issue-089-en.xml  |z IMF e-Library