Financial Services Trade after the Crisis: Policy and Legal Conjectures
The financial crisis of 2008--09 has cast doubt on the utility and effectiveness of the General Agreement on Trade in Services and of services trade law more broadly in providing instruments that are able to deal adequately with the trade-related regulatory fallout from the financial crisis and the potentially distortive measures taken to mitigate its effects. In many ways, the financial crisis has confirmed the impression of the minimal relevance of the current multilateral legal framework regulating trade in services for the prevention and management of financial crises. The crisis and the regulatory reforms that are enacted in its wake offer a propitious opportunity for revisiting the substance of services trade regulation. This should be done with a view to strengthening services trade law to better manage the downside risks of financial protectionism and offer a more credible platform for confronting the trade and investment disputes whose numbers this article considers likely to rise in the coming years. Oxford University Press 2010, all rights reserved, Oxford University Press.
Volume (Year): 13 (2010)
Issue (Month): 3 (September)
|Contact details of provider:|| Postal: Oxford University Press, Great Clarendon Street, Oxford OX2 6DP, UK|
Fax: 01865 267 985
Web page: http://www.jiel.oupjournals.org/
|Order Information:||Web: http://www.oup.co.uk/journals|
When requesting a correction, please mention this item's handle: RePEc:oup:jieclw:v:13:y:2010:i:3:p:837-857. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Oxford University Press)or (Christopher F. Baum)
If references are entirely missing, you can add them using this form.