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

  • Robert M Stern

    (University of Michigan)

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    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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    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
    Date of revision:
    Handle: RePEc:mie:wpaper:587
    Contact details of provider: Postal: ANN ARBOR MICHIGAN 48109
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