Explaining Liberalization Commitments in Financial Services Trade

• Tác giả: Philipp Harms
• Ngôn ngữ: eng
• Ký hiệu phân loại: 332.17 Banking services
• Thông tin xuất bản: World Bank, Washington, DC, 2014
• Bộ sưu tập: Tài liệu truy cập mở
• ID: 319230
• Chủ đề: 1. FINANCIAL SERVICES; 2. INTERNATIONAL FINANCIAL SYSTEM; 3. MARKET ACCESS; 4. SERVICING; 5. TRADE LIBERALIZATION

Tóm tắt

The authors examine 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, they investigate empirically the role of domestic political economy forces, international bargaining considerations, and the state of complementary policy. The empirical results confirm the relevance of the authors' model in explaining banking and (to a somewhat lesser degree) 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.