Liberalization of Trade in Financial Services and Financial Sector: Stability Analytical Approach

37 Pages Posted: 31 Jan 2006

See all articles by Alexei Kireyev

Alexei Kireyev

International Monetary Fund (IMF)

Date Written: August 2002

Abstract

The paper seeks to establish a link between the liberalization of trade in financial services undertaken by countries under the WTO and the stability of their financial systems. The paper concludes that liberalization has generally been conducive to stability because of the mutually reinforcing nature of existing international rules and practices. Financial stability and efficiency, which should be ultimate goals of further liberalization, can be ensured by taking advantage of coherent policy advice and the application of existing multilateral mechanisms - in particular, the WTO negotiations and the IMF/World Bank financial sector assessment program.

Keywords: financial services, financial sector stability, trade liberalization

JEL Classification: F4, G2, E42, F44

Suggested Citation

Kireyev, Alexei, Liberalization of Trade in Financial Services and Financial Sector: Stability Analytical Approach (August 2002). IMF Working Paper No. 02/138, Available at SSRN: https://ssrn.com/abstract=879927

Alexei Kireyev (Contact Author)

International Monetary Fund (IMF) ( email )

700 19th Street NW
Washington, DC 20431
United States

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