The GATS Agreementon Financial Services : A Modest Start to Multilateral Liberalization / Piritta Sorsa.

Format:

Book

Government document

Author/Creator:

Sorsa, Piritta.

Series:

IMF Working Papers; Working Paper ; No. 1997/055

IMF Working Papers

Language:

English

Physical Description:

1 online resource (57 pages)

Place of Publication:

Washington, D.C. : International Monetary Fund, 1997.

Language Note:

English

Summary:

This paper analyzes the links between multilateral, and unilateral financial liberalization, the former represented by the General Agreements on Trade in Services (GATS). It provides an overview of the main features of the GATS and what the participants in banking and securities within its framework, and compares GATS liberalization with the actual state of liberalization of the participants’ financial sectors. The results suggest that in many countries multilaterally liberalized financial sector policies are more restrictive than the actual state of openness or development of financial sectors. Many emerging markets liberalized little under the GATS despite often well-developed financial markets, while the opposite was true in some less developed developing countries.

Notes:

Bibliographic Level Mode of Issuance: Monograph

Description based on print version record.

ISBN:

9786613868268

9781462388363

1462388361

9781452736150

1452736154

9781283555814

1283555816

9781451894424

1451894422