IDEAS home Printed from https://ideas.repec.org/p/rsc/rsceui/2018-63.html
   My bibliography  Save this paper

Trade in Financial Services Regionalism: Derivatives Clearing and Settlement in Economic Integration Agreements

Author

Listed:
  • George A. Papaconstantinou

Abstract

Trade in financial services is integrated through Economic Integration Agreements (EIAs), in addition to the multilateral trading system developed under the WTO. Securities’ clearing and settlement services have nowadays become more important than ever. The latter have gained enormous strategic relevance due to the global regulatory shift towards tasking clearinghouses to mitigate the risks associated with trading of OTC derivatives. This study assesses the liberalization levels of the financial services in the plurilateral trading system. It aims to shed light on the underlying dynamics that could explain the rationale behind international trade treaties. Most importantly, this contribution assesses the relationship between regulation of international trade and regulation of financial market infrastructure in order to bring into the spotlight problematic features that underscore existing silos in WTO Members’ administrations.

Suggested Citation

  • George A. Papaconstantinou, 2018. "Trade in Financial Services Regionalism: Derivatives Clearing and Settlement in Economic Integration Agreements," RSCAS Working Papers 2018/63, European University Institute.
    • Handle: RePEc:rsc:rsceui:2018/63
    as

    Download full text from publisher

    File URL: http://cadmus.eui.eu/bitstream/handle/1814/60084/RSCAS_2018_63.pdf?sequence=1&isAllowed=y
    Download Restriction: no
    File URL: http://hdl.handle.net/1814/60084
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    Regional Vs Multilateral trade in financial services; Preferential trading system; EIAs; Clearing and Settlement; GATS; Regulation of financial market infrastructure; Clearing house;
    All these keywords.

    JEL classification:

    • K40 - Law and Economics - - Legal Procedure, the Legal System, and Illegal Behavior - - - General
    • K33 - Law and Economics - - Other Substantive Areas of Law - - - International Law

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:rsc:rsceui:2018/63. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: RSCAS web unit (email available below). General contact details of provider: https://edirc.repec.org/data/rsiueit.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.