Share

Liberalization of Trade in Financial Services and Financial Sector Stability (Empirical Approach)

2002-08-01 Business & Economics
Download Liberalization of Trade in Financial Services and Financial Sector Stability (Empirical Approach) PDF Online Free

Author :
Release : 2002-08-01
Genre : Business & Economics
Kind : eBook
Book Rating : 059/5 ( reviews)

GET EBOOK


Book Synopsis Liberalization of Trade in Financial Services and Financial Sector Stability (Empirical Approach) by : Mr.Alexei Kireyev

Download or read book Liberalization of Trade in Financial Services and Financial Sector Stability (Empirical Approach) written by Mr.Alexei Kireyev. This book was released on 2002-08-01. Available in PDF, EPUB and Kindle. Book excerpt: The paper explores empirically the links between the WTO-driven liberalization of trade in financial services and the stability of national financial systems. Econometric testing of indicators intended to proxy financial sector stability-subdivided into exchange rate and banking sector stability-suggests that opening of the financial sector is an efficient policy instrument at the disposal of the authorities for achieving a variety of macroeconomic goals. While liberalization is found to be broadly conducive to stability, the outcome of liberalization on exchange rate stability is less predictable than on banking sector stability.

Liberalization of Trade in Financial Services and Financial Sector Stability (Analytical Approach)

2002-08-01
Download Liberalization of Trade in Financial Services and Financial Sector Stability (Analytical Approach) PDF Online Free

Author :
Release : 2002-08-01
Genre :
Kind : eBook
Book Rating : 999/5 ( reviews)

GET EBOOK


Book Synopsis Liberalization of Trade in Financial Services and Financial Sector Stability (Analytical Approach) by : Alexei Kireyev

Download or read book Liberalization of Trade in Financial Services and Financial Sector Stability (Analytical Approach) written by Alexei Kireyev. This book was released on 2002-08-01. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Explaining Liberalization Commitments in Financial Services Trade

2003 Financial services industry
Download Explaining Liberalization Commitments in Financial Services Trade PDF Online Free

Author :
Release : 2003
Genre : Financial services industry
Kind : eBook
Book Rating : /5 ( reviews)

GET EBOOK


Book Synopsis Explaining Liberalization Commitments in Financial Services Trade by : Ludger Schuknecht

Download or read book Explaining Liberalization Commitments in Financial Services Trade written by Ludger Schuknecht. This book was released on 2003. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Financial Liberalization, Credit Market Imperfections and Financial System Stability

2015-06-03 Business & Economics
Download Financial Liberalization, Credit Market Imperfections and Financial System Stability PDF Online Free

Author :
Release : 2015-06-03
Genre : Business & Economics
Kind : eBook
Book Rating : 532/5 ( reviews)

GET EBOOK


Book Synopsis Financial Liberalization, Credit Market Imperfections and Financial System Stability by : Tim Niepel

Download or read book Financial Liberalization, Credit Market Imperfections and Financial System Stability written by Tim Niepel. This book was released on 2015-06-03. Available in PDF, EPUB and Kindle. Book excerpt: Master's Thesis from the year 2013 in the subject Business economics - Investment and Finance, grade: 1,5, Utrecht University (Utrecht School of Economics), language: English, abstract: Financial liberalization stimulates competition and thereby supposedly increases the efficiency of investment. A simple credit market model is developed to show that such efficiency improvements may be disturbed by competition-induced incentives for banks to accept higher default rates, which result in instability of the financial system. Thereby we offer a complementary explanation to the relationship between competition and stability in financial markets. Consequently we argue that government intervention, in the form of intelligent regulation, is necessary to ensure the development of sustainable financial markets.

Financial Liberalization and Financial Fragility

1998-06-01 Bancos
Download Financial Liberalization and Financial Fragility PDF Online Free

Author :
Release : 1998-06-01
Genre : Bancos
Kind : eBook
Book Rating : /5 ( reviews)

GET EBOOK


Book Synopsis Financial Liberalization and Financial Fragility by : Asli Demirgüç-Kunt

Download or read book Financial Liberalization and Financial Fragility written by Asli Demirgüç-Kunt. This book was released on 1998-06-01. Available in PDF, EPUB and Kindle. Book excerpt: A study of 53 countries during 1980-95 finds that financial liberalization increases the probability of a banking crisis, but less so where the institutional environment is strong. In particular, respect for the rule of law, a low level of corruption, and good contract enforcement are relevant institutional characteristics. the data also show that, after liberalization, financially repressed countries tend to have improved financial development even if they experience a banking crisis. This is not true for financially restrained countries. This paper’s results support a cautious approach to financial liberalization where institutions are weak, even if macroeconomic stabilization has been achieved.

You may also like...