Trade Policy in Financial Services
Electronic Access:
Free Download. Use the free Adobe Acrobat Reader to view this PDF file
Summary:
This paper reviews the economics of trade policy in financial services, highlighting differences between trade across borders and through commercial presence. Trade liberalization could complement other financial reforms by enhancing the efficiency, quality, and variety of financial services and by encouraging improvement of financial regulations and practices. However, it raises sectoral, strategic, and cultural concerns. The design of trade policy should therefore emphasize the nexus with the macroeconomic framework and other financial sector policies, especially prudential and capital account regulations. It should also differentiate between types of trade. National reforms should be coordinated with multilateral trade agreements and initiatives on international financial architecture.
Series:
Working Paper No. 2000/031
Subject:
Balance of payments Capital flows Economic sectors Financial sector Financial services International trade Trade in services Trade liberalization
English
Publication Date:
February 1, 2000
ISBN/ISSN:
9781451845013/1018-5941
Stock No:
WPIEA0312000
Pages:
39
Please address any questions about this title to publications@imf.org