Trade in Financial Services—Has the IMF been Involved Constructively?

Robert Stern

Margin: The Journal of Applied Economic Research, 2011, vol. 5, issue 1, 65-92

Abstract: This paper considers the key policy issues related to liberalisation of trade in financial services that the International Monetary Fund (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 in conditionality attached to lending programmes. The IMF staff were generally aware of the literature and country experiences showing the benefits of financial liberalisation. But Fund advice in support of liberalisation can be best interpreted to be in support of country unilateral policy actions and the dynamics of the World Trade Organisation (WTO) accession process.

Keywords: Trade Liberalisation in Financial Services; IMF Surveillance and Conditionality; JEL Classification: E58; JEL Classification: E65; JEL Classification: F33; JEL Classification: F53; JEL Classification: G2; JEL Classification: G13 (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:sae:mareco:v:5:y:2011:i:1:p:65-92

DOI: 10.1177/097380101000500105

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