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

Robert Stern

No 587, Working Papers from Research Seminar in International Economics, University of Michigan

Abstract: 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.

Keywords: financial liberalization; foreign banks; GATS; IMF (search for similar items in EconPapers)
JEL-codes: F13 F32 F33 F53 F55 G28 (search for similar items in EconPapers)
Pages: 45 pages
Date: 2009-06
New Economics Papers: this item is included in nep-int
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Citations: View citations in EconPapers (1)

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http://www.fordschool.umich.edu/rsie/workingpapers/Papers576-600/r587.pdf

Related works:
Working Paper: Trade in Financial ServicesÑHas the IMF Been Involved Constructively? (2010)
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Persistent link: https://EconPapers.repec.org/RePEc:mie:wpaper:587

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