Trade Policy in Financial Services /

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...

Ausführliche Beschreibung

Bibliographische Detailangaben
1. Verfasser: McDonald, Brad
Weitere Verfasser: Bannister, Geoffrey, Sorsa, Piritta, Tamirisa, Natalia
Format: Zeitschrift
Sprache:English
Veröffentlicht: Washington, D.C. : International Monetary Fund, 2000.
Schriftenreihe:IMF Working Papers; Working Paper ; No. 2000/031
Online Zugang:Full text available on IMF
Beschreibung
Zusammenfassung: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.
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Beschreibung:1 online resource (39 pages)
Format:Mode of access: Internet
ISSN:1018-5941
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