Trade in Financial ServicesÑHas the IMF Been Involved Constructively?
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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- Lamin Leigh & Richard Podpiera, 2006. "The Rise of Foreign Investment in China's Banks: Taking Stock," IMF Working Papers 06/292, International Monetary Fund.
- International Monetary Fund, 2007. "Italy: Assessing Competition and Efficiency in the Banking System," IMF Working Papers 07/26, International Monetary Fund.
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