Barriers to Trade in Financial and Insurance Services : Evidence from the United Kingdom /

Distance, as a proxy for trade barriers, is found in many studies to matter even for weightless cross-border financial investments and lending, possibly due to the presence of information asymmetries. Its importance is tested in this paper using exports of all five broad categories of the U.K.'...

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Bibliografische gegevens
Hoofdauteur: Podpiera, Jiri
Formaat: Tijdschrift
Taal:English
Gepubliceerd in: Washington, D.C. : International Monetary Fund, 2021.
Reeks:IMF Working Papers; Working Paper ; No. 2021/260
Onderwerpen:
Online toegang:Full text available on IMF
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520 3 |a Distance, as a proxy for trade barriers, is found in many studies to matter even for weightless cross-border financial investments and lending, possibly due to the presence of information asymmetries. Its importance is tested in this paper using exports of all five broad categories of the U.K.'s financial and insurance services. No trade barriers are found for the bulk of the U.K.'s exports. Trade barriers are confirmed only for interest-bearing activities - being in line with available results in the literature. The positive effect of EU membership appears to be small. Notwithstanding the uncertainties, it suggests that post-Brexit disruptions of the U.K.'s export of financial and insurance services may be minor. 
538 |a Mode of access: Internet 
650 7 |a Banks  |2 imf 
650 7 |a Depository Institutions  |2 imf 
650 7 |a Empirical Studies of Trade  |2 imf 
650 7 |a Insurance  |2 imf 
650 7 |a Micro Finance Institutions  |2 imf 
650 7 |a Mortgages  |2 imf 
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