Explaining Liberalization Commitments in Financial Services Trade

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Author :
Publisher : World Bank Publications
ISBN 13 :
Total Pages : 48 pages
Book Rating : 4./5 ( download)

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Book Synopsis Explaining Liberalization Commitments in Financial Services Trade by : Ludger Schuknecht

Download or read book Explaining Liberalization Commitments in Financial Services Trade written by Ludger Schuknecht and published by World Bank Publications. This book was released on 2003 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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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Publisher :
ISBN 13 :
Total Pages : 41 pages
Book Rating : 4.:/5 (129 download)

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Book Synopsis Explaining Liberalization Commitments in Financial Services Trade by : Philipp Harms

Download or read book Explaining Liberalization Commitments in Financial Services Trade written by Philipp Harms and published by . This book was released on 2016 with total page 41 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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 Preferential Trade Agreements

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Publisher : World Bank Publications
ISBN 13 : 0821383124
Total Pages : 348 pages
Book Rating : 4.8/5 (213 download)

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Book Synopsis Financial Services and Preferential Trade Agreements by : Mona Haddad

Download or read book Financial Services and Preferential Trade Agreements written by Mona Haddad and published by World Bank Publications. This book was released on 2010-06-09 with total page 348 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book fills a large gap in the literature on trade in services. It focuses on the dynamics of trade and investment liberalization in a sector of considerable technical and regulatory complexity financial services. This volume chronicles the recent experiences of governments in Latin America that have successfully completed financial services negotiations through preferential trade agreements. One of the unique features of this book is the three in-depth country case studies Chile, Colombia, and Costa Rica all written by trade experts who led the negotiations of their respective countries in financial services. The authors offer analytical insights into the substantive content of the legal provisions governing financial market opening and the way such provisions have evolved over time and across negotiating settings. The studies describe how each of the three governments organized the conduct of negotiations in the sector, the extent of preparatory work undertaken before and during negotiations, and the negotiating road maps that were put in place to guide negotiators. Additional chapters complement the case studies by examining the evolving architecture of trade and investment disciplines in financial services and how best to prepare for negotiations in this sector. 'Financial Services and Preferential Trade Agreements' aims to provide practical lessons for policy makers, trade experts, and negotiators in developing countries who are involved in negotiating trade in financial services in the context of regional trade agreements. Academics and development practitioners interested in trade negotiations will also find the information valuable.

WTO - Trade in Services

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Publisher : BRILL
ISBN 13 : 904742736X
Total Pages : 816 pages
Book Rating : 4.0/5 (474 download)

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Book Synopsis WTO - Trade in Services by : Rüdiger Wolfrum

Download or read book WTO - Trade in Services written by Rüdiger Wolfrum and published by BRILL. This book was released on 2008-02-28 with total page 816 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Trade Agreements and Financial Services

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Author :
Publisher : World Scientific
ISBN 13 : 9789810242497
Total Pages : 140 pages
Book Rating : 4.2/5 (424 download)

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Book Synopsis Trade Agreements and Financial Services by : Hazel J. Johnson

Download or read book Trade Agreements and Financial Services written by Hazel J. Johnson and published by World Scientific. This book was released on 2002 with total page 140 pages. Available in PDF, EPUB and Kindle. Book excerpt: Trade Agreements and Financial Services examines the cross-border agreements that have historically been focused on the trade of merchandise goods. Increasingly, emphasis is being placed on the provision of cross-border services. Notable among these are financial services. There is a clear link between economic development and the availability of financial products. Moreover, the financial services sector is, itself, a major industry that is fueling growth. The conditions under which financial services are offered in an international context are the subject of debate in the Western Hemisphere, Europe, Asia, and Latin America.

National Regulation and Trade Liberalization in Services

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Publisher : Kluwer Law International B.V.
ISBN 13 : 9041121412
Total Pages : 270 pages
Book Rating : 4.0/5 (411 download)

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Book Synopsis National Regulation and Trade Liberalization in Services by : Markus Krajewski

Download or read book National Regulation and Trade Liberalization in Services written by Markus Krajewski and published by Kluwer Law International B.V.. This book was released on 2003-01-01 with total page 270 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

The Regulation of International Trade, Volume 3

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Publisher : MIT Press
ISBN 13 : 0262360616
Total Pages : 753 pages
Book Rating : 4.2/5 (623 download)

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Book Synopsis The Regulation of International Trade, Volume 3 by : Petros C. Mavroidis

Download or read book The Regulation of International Trade, Volume 3 written by Petros C. Mavroidis and published by MIT Press. This book was released on 2020-11-24 with total page 753 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Liberalization of Trade in Financial Services and Financial Sector Stability (Empirical Approach)

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1451856059
Total Pages : 29 pages
Book Rating : 4.4/5 (518 download)

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Book Synopsis Liberalization of Trade in Financial Services and Financial Sector Stability (Empirical Approach) by : Mr.Alexei Kireyev

Download or read book Liberalization of Trade in Financial Services and Financial Sector Stability (Empirical Approach) written by Mr.Alexei Kireyev and published by International Monetary Fund. This book was released on 2002-08-01 with total page 29 pages. Available in PDF, EPUB and Kindle. Book excerpt: The paper explores empirically the links between the WTO-driven liberalization of trade in financial services and the stability of national financial systems. Econometric testing of indicators intended to proxy financial sector stability-subdivided into exchange rate and banking sector stability-suggests that opening of the financial sector is an efficient policy instrument at the disposal of the authorities for achieving a variety of macroeconomic goals. While liberalization is found to be broadly conducive to stability, the outcome of liberalization on exchange rate stability is less predictable than on banking sector stability.

The GATS Agreementon Financial Services

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Publisher : International Monetary Fund
ISBN 13 : 1451969228
Total Pages : 58 pages
Book Rating : 4.4/5 (519 download)

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Book Synopsis The GATS Agreementon Financial Services by : Ms.Piritta Sorsa

Download or read book The GATS Agreementon Financial Services written by Ms.Piritta Sorsa and published by International Monetary Fund. This book was released on 1997-05-01 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

The Preferential Liberalization of Trade in Services

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Publisher : Edward Elgar Publishing
ISBN 13 : 1782548963
Total Pages : 459 pages
Book Rating : 4.7/5 (825 download)

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Book Synopsis The Preferential Liberalization of Trade in Services by : Pierre Savu_

Download or read book The Preferential Liberalization of Trade in Services written by Pierre Savu_ and published by Edward Elgar Publishing. This book was released on 2014-04-25 with total page 459 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book fills an important gap in the trade literature by offering¾ a comprehensive cross-regional comparison of approaches to preferential market opening and rule-making in the area of trade in services. Chronicling the spectacular recent rise o

Trade Policy in Financial Services

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Publisher :
ISBN 13 :
Total Pages : 46 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis Trade Policy in Financial Services by :

Download or read book Trade Policy in Financial Services written by and published by . This book was released on 2000 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Domestic Regulation and Service Trade Liberalization

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Publisher : World Bank Publications
ISBN 13 : 0821383434
Total Pages : 246 pages
Book Rating : 4.8/5 (213 download)

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Book Synopsis Domestic Regulation and Service Trade Liberalization by : Pierre Sauve

Download or read book Domestic Regulation and Service Trade Liberalization written by Pierre Sauve and published by World Bank Publications. This book was released on 2003-08-29 with total page 246 pages. Available in PDF, EPUB and Kindle. Book excerpt: Trade in services, far more than trade in goods, is affected by a variety of domestic regulations, ranging from qualification and licensing requirements in professional services to pro-competitive regulation in telecommunications services. Experience shows that the quality of regulation strongly influences the consequences of trade liberalization. WTO members have agreed that a central task in the ongoing services negotiations will be to develop a set of rules to ensure that domestic regulations support rather than impede trade liberalization. Since these rules are bound to have a profound impact on the evolution of policy, particularly in developing countries, it is important that they be conducive to economically rational policy-making. This book addresses two central questions: What impact can international trade rules on services have on the exercise of domestic regulatory sovereignty? And how can services negotiations be harnessed to promote and consolidate domestic policy reform across highly diverse sectors? The book, with contributions from several of the world's leading experts in the field, explores a range of rule-making challenges arising at this policy interface, in areas such as transparency, standards and the adoption of a necessity test for services trade. Contributions also provide an in-depth look at these issues in the key areas of accountancy, energy, finance, health, telecommunications and transportation services.

The Doha Round and Financial Services Negotiations

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Author :
Publisher : American Enterprise Institute
ISBN 13 : 9780844741826
Total Pages : 128 pages
Book Rating : 4.7/5 (418 download)

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Book Synopsis The Doha Round and Financial Services Negotiations by : Sydney J. Key

Download or read book The Doha Round and Financial Services Negotiations written by Sydney J. Key and published by American Enterprise Institute. This book was released on 2003 with total page 128 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

The Prudential Carve-out for Financial Services

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Publisher :
ISBN 13 : 9781108402026
Total Pages : 259 pages
Book Rating : 4.4/5 (2 download)

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Book Synopsis The Prudential Carve-out for Financial Services by : Carlo Maria Cantore

Download or read book The Prudential Carve-out for Financial Services written by Carlo Maria Cantore and published by . This book was released on 2018 with total page 259 pages. Available in PDF, EPUB and Kindle. Book excerpt: The World Trade Organization's General Agreement on Trade in Services (GATS) sets out a framework and rules for the liberalization of international trade in services. Paragraph 2(a) of the GATS Annex on Financial Services is generally known as the Prudential Carve-Out (PCO). Notwithstanding GATS obligations, it allows WTO Members to pursue prudential regulatory objectives. This book studies the GATS PCO in light of its negotiating history and economic rationale as well as PCOs in all preferential trade agreements notified to the WTO Secretariat up to the summer of 2017. The author clarifies the state of play of international cooperation on financial services regulation; provides a current understanding of the GATS PCO; analyses how PCOs are drafted in preferential trade agreements and, finally, he seeks to understand whether alternative approaches to the mainstream understanding of the PCO are possible and suggests options for reform.

The Liberalization and Regulation of Trade in Financial Services

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Author :
Publisher : National Library of Canada = Bibliothèque nationale du Canada
ISBN 13 :
Total Pages : 410 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis The Liberalization and Regulation of Trade in Financial Services by : Guy V. T. Gensey

Download or read book The Liberalization and Regulation of Trade in Financial Services written by Guy V. T. Gensey and published by National Library of Canada = Bibliothèque nationale du Canada. This book was released on 2003 with total page 410 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Liberalizing Trade in Services

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Publisher : World Bank Publications
ISBN 13 :
Total Pages : 68 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis Liberalizing Trade in Services by : Bernard M. Hoekman

Download or read book Liberalizing Trade in Services written by Bernard M. Hoekman and published by World Bank Publications. This book was released on 2006 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt: Abstract: Since the mid 1980s a substantial amount of research has been undertaken on trade in services. Much of this is inspired by the World Trade Organization or regional trade agreements, especially the European Union, but an increasing number of papers focus on the impacts of services sector liberalization. This paper surveys the literature, focusing on contributions that investigate the determinants of international trade and investment in services, the potential gains from greater trade (and liberalization), and efforts to cooperate to achieve such liberalization through trade agreements. It concludes that there is increasing evidence that services liberalization is an important source of potential welfare gains, but relatively little research has been done that can inform the design of international cooperation-both trade agreements and development assistance-so as to more effectively promote development objectives.

Most-favoured-nation Treatment

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Publisher :
ISBN 13 :
Total Pages : 164 pages
Book Rating : 4.:/5 (1 download)

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Book Synopsis Most-favoured-nation Treatment by : United Nations Conference on Trade and Development

Download or read book Most-favoured-nation Treatment written by United Nations Conference on Trade and Development and published by . This book was released on 2010 with total page 164 pages. Available in PDF, EPUB and Kindle. Book excerpt: The publication contains an explanation of Most Favored Nation (MFN) treatment and some of the key issues that arise in its negotiation, particularly the scope and application of MFN treatment to the liberalization and protection of foreign investors in recent treaty practice. The paper provides policy options as regards the traditional application of MFN treatment and identifies reactions by States to the unexpected broad use of MFN treatment, and provides several drafting options, such as specifying or narrowing down the scope of application of MFN treatment to certain types of activities, clarifying the nature of "treatment" under the IIA, clarifying the comparison that an arbitral tribunal needs to undertake as well as a qualification of the comparison "in like circumstances" or excluding its use in investor-State cases.