Title: Explaining Liberalization Commitments in Financial Services Trade
Abstract: No AccessPolicy Research Working Papers25 Jun 2013Explaining Liberalization Commitments in Financial Services TradeAuthors/Editors: Philipp Harms, Aaditya Mattoo, Ludger SchuknechtPhilipp Harms, Aaditya Mattoo, Ludger Schuknechthttps://doi.org/10.1596/1813-9450-2999SectionsAboutPDF (0.1 MB) ToolsAdd to favoritesDownload CitationsTrack Citations ShareFacebookTwitterLinked In Abstract: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. Previous bookNext book FiguresReferencesRecommendedDetailsCited ByPromoting Domestic Reforms Through Regionalism18 December 2013Promoting Domestic Reforms Through RegionalismSSRN Electronic Journal View Published: March 2003 Copyright & Permissions Related RegionsLatin America & CaribbeanRelated CountriesUruguayCzech RepublicAustraliaNew ZealandRelated TopicsLaw and DevelopmentMacroeconomics and Economic GrowthInternational Economics & TradePrivate Sector DevelopmentFinance and Financial Sector Development KeywordsBANKINGCENTRAL BANKDEVELOPING COUNTRIESDEVELOPING COUNTRYDOMESTIC MARKETSEXCHANGEFINANCIAL MARKETSFINANCIAL SECTORFINANCIAL SECTOR LIBERALIZATIONFINANCIAL SERVICESFOREIGN BANKFOREIGN OWNERSHIPFUTUREINCOMEINTERESTINTERESTSLIBERALIZATIONMARKET ACCESSSHARETRADE PDF DownloadLoading ...