Explaining Liberalization Commitments in Financial Services Trade
- Topics:
- WTO
- Tags:
- Finance,
- Financial Planning,
- Financial Service,
- Financial Services,
- Free Trade,
- Liberalization,
- World Bank Group
- Source:
- World Bank Group
FREE Registration is required
Overview: This article examines the determinants of market access commitments in international financial services trade in the General Agreement on Trade in Services (GATS). Based on a theoretical model, it empirically investigates the role of domestic political economy forces, international bargaining considerations, and the state of complementary policy. The empirical results confirm the relevance of the model in explaining banking and securities services liberalization commitments. The findings imply that those who seek greater access to developing country markets for financial services must do more to counter protectionism at home in areas of export interest for developing countries.
(Is this item miscategorized? Does it need more tags? Let us know.)
Format: PDF | Size: 111KB | Date: Mar 2003 | Pages: 41



