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Trade in Financial Services--Has the IMF Been Involved Constructively?

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Author Info
Robert M Stern (University of Michigan)
Abstract

This paper considers the key policy issues related to liberalization of trade in financial services that the IMF should be concerned with, and the role the IMF has played in advising on policies related to trade in financial services in its bilateral and multilateral surveillance and conditionality attached to lending programs. IMF staff were generally aware of the literature and country experiences showing the benefits of financial liberalization. But Fund advice in support of liberalization can be best interpreted to be in support of country unilateral policy actions and the dynamics of the WTO accession process.

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File URL: http://www.fordschool.umich.edu/rsie/workingpapers/Papers576-600/r587.pdf
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Publisher Info
Paper provided by Research Seminar in International Economics, University of Michigan in its series Working Papers with number 587.

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Length: 45 pages
Date of creation: Jun 2009
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Handle: RePEc:mie:wpaper:587

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Postal: ANN ARBOR MICHIGAN 48109
Web page: http://www.fordschool.umich.edu/rsie/
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Related research
Keywords: financial liberalization; foreign banks; GATS; IMF;

Find related papers by JEL classification:
F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
F32 - International Economics - - International Finance - - - Current Account Adjustment; Short-term Capital Movements
F33 - International Economics - - International Finance - - - International Monetary Arrangements and Institutions
F53 - International Economics - - International Relations and International Political Economy - - - International Agreements and Observance; International Organizations
F55 - International Economics - - International Relations and International Political Economy - - - International Institutional Arrangements
G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation

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This page was last updated on 2009-11-25.

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