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Liberalizing financial services trade in Africa: Going regional and multilateral

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  • Jansen, Marion
  • Vennes, Yannick

Abstract

This paper analyses the possible gains from regional and multilateral liberalization of financial services trade for African countries taking into account the implications of such liberalization for financial regulation and capital account liberalization. It also describes existing efforts to integrate financial markets within four African regions (WAEMU, CEMAC, SADC and COMESA) and discusses the existing GATS commitments of the relevant countries with respect to financial services. Although the regions differ significantly, there is scope for further regional integration in all of them. Significant scope also exists for further multilateral liberalization of financial services, in particular with respect to Mode3.

Suggested Citation

  • Jansen, Marion & Vennes, Yannick, 2006. "Liberalizing financial services trade in Africa: Going regional and multilateral," WTO Staff Working Papers ERSD-2006-03, World Trade Organization (WTO), Economic Research and Statistics Division.
    • Handle: RePEc:zbw:wtowps:ersd200603
    DOI: 10.30875/1dc7c533-en
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    Cited by:

    1. Jansen, Marion, 2006. "Services Trade Liberalization at the Regional Level: Does Southern and Eastern Africa Stand to Gain from EPA Negotiations?," CEPR Discussion Papers 5800, C.E.P.R. Discussion Papers.
    2. Jansen, Marion, 2006. "Services trade liberalization at the regional level: Does Southern and Eastern Africa stand to gain from EPA negotiations?," WTO Staff Working Papers ERSD-2006-06, World Trade Organization (WTO), Economic Research and Statistics Division.
    3. Leo Frey & Ulrich Volz, 2013. "Regional Financial Integration In Sub-Saharan Africa – An Empirical Examination Of Its Effects On Financial Market Development," South African Journal of Economics, Economic Society of South Africa, vol. 81(1), pages 79-117, March.
    4. Patrick Honohan & Thorsten Beck, 2007. "Making Finance Work for Africa," World Bank Publications - Books, The World Bank Group, number 6626, December.

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    More about this item

    Keywords

    regional integration; WTO; financial services trade; Africa;
    All these keywords.

    JEL classification:

    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • F15 - International Economics - - Trade - - - Economic Integration
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G38 - Financial Economics - - Corporate Finance and Governance - - - Government Policy and Regulation

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