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Trade in Financial ServicesÑHas 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/Papers601-625/r613.pdf
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Bibliographic Info

Paper provided by Research Seminar in International Economics, University of Michigan in its series Working Papers with number 613.

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Length: 28 pages
Date of creation: Oct 2010
Date of revision:
Handle: RePEc:mie:wpaper:613

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Postal: ANN ARBOR MICHIGAN 48109
Web page: http://www.fordschool.umich.edu/rsie/
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Keywords: Trade Liberalization in Financial Services; IMF Surveillance and Conditionality;

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  1. Lamin Leigh & Richard Podpiera, 2006. "The Rise of Foreign Investment in China's Banks," IMF Working Papers 06/292, International Monetary Fund.
  2. International Monetary Fund, 2007. "Italy," IMF Working Papers 07/26, International Monetary Fund.
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