Financial Services and Preferential Trade Agreements : Lessons from Latin America

This book deals with financial liberalization issues in the context of trade negotiations. The liberalization of trade and investment in financial services is only a subset of the broader financial liberalization agenda. The purpose of trade and in...

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Main Authors:	Haddad, Mona, Stephanou, Constantinos
Format:	Publication
Language:	English
Published:	World Bank 2012
Subjects:	CAPITAL ALLOCATION FINANCIAL MARKET ACCESS FOREIGN COMPETITION INVESTMENT IN FINANCIAL SERVICES LIBERALIZATION PREFERENTIAL TRADE AGREEMENTS TRADE NEGOTIATIONS
Online Access:	http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000334955_20100604045627 http://hdl.handle.net/10986/2461

id	okr-10986-2461
recordtype	oai_dc
spelling	okr-10986-24612021-04-23T14:02:02Z Financial Services and Preferential Trade Agreements : Lessons from Latin America Haddad, Mona Stephanou, Constantinos CAPITAL ALLOCATION FINANCIAL MARKET ACCESS FOREIGN COMPETITION INVESTMENT IN FINANCIAL SERVICES LIBERALIZATION PREFERENTIAL TRADE AGREEMENTS TRADE NEGOTIATIONS This book deals with financial liberalization issues in the context of trade negotiations. The liberalization of trade and investment in financial services is only a subset of the broader financial liberalization agenda. The purpose of trade and investment liberalization is to increase financial market access and remove discriminatory and other access-impeding barriers to foreign competition. By contrast, the main purpose of financial liberalization is to remove distortions in domestic financial systems that impede competition and the allocation of capital to its most productive and profitable uses. In turn, financial liberalization can be divided into domestic financial reform and capital account opening, and there is a rich literature on its appropriate speed and sequencing. The first part of the book covers the fundamental principles that affect trade liberalization in financial services at both the multilateral and the regional levels. It analyzes the various models of preferential trade agreements (PTAs) used by negotiators and the architectural differences of these models. The second part of this book provides concrete examples of how countries have negotiated these agreements by focusing on the specific country experiences of Chile, Colombia, and Costa Rica. These case studies provide the reader with a thorough understanding of how countries strategize, negotiate, and implement regional trade agreements in financial services. 2012-03-19T09:34:11Z 2012-03-19T09:34:11Z 2010 http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000334955_20100604045627 978-0-8213-8273-8 http://hdl.handle.net/10986/2461 English Directions in Development ; trade CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank Publications & Research :: Publication Publications & Research :: Publication Latin America & Caribbean Latin America
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	CAPITAL ALLOCATION FINANCIAL MARKET ACCESS FOREIGN COMPETITION INVESTMENT IN FINANCIAL SERVICES LIBERALIZATION PREFERENTIAL TRADE AGREEMENTS TRADE NEGOTIATIONS
spellingShingle	CAPITAL ALLOCATION FINANCIAL MARKET ACCESS FOREIGN COMPETITION INVESTMENT IN FINANCIAL SERVICES LIBERALIZATION PREFERENTIAL TRADE AGREEMENTS TRADE NEGOTIATIONS Haddad, Mona Stephanou, Constantinos Financial Services and Preferential Trade Agreements : Lessons from Latin America
geographic_facet	Latin America & Caribbean Latin America
relation	Directions in Development ; trade
description	This book deals with financial liberalization issues in the context of trade negotiations. The liberalization of trade and investment in financial services is only a subset of the broader financial liberalization agenda. The purpose of trade and investment liberalization is to increase financial market access and remove discriminatory and other access-impeding barriers to foreign competition. By contrast, the main purpose of financial liberalization is to remove distortions in domestic financial systems that impede competition and the allocation of capital to its most productive and profitable uses. In turn, financial liberalization can be divided into domestic financial reform and capital account opening, and there is a rich literature on its appropriate speed and sequencing. The first part of the book covers the fundamental principles that affect trade liberalization in financial services at both the multilateral and the regional levels. It analyzes the various models of preferential trade agreements (PTAs) used by negotiators and the architectural differences of these models. The second part of this book provides concrete examples of how countries have negotiated these agreements by focusing on the specific country experiences of Chile, Colombia, and Costa Rica. These case studies provide the reader with a thorough understanding of how countries strategize, negotiate, and implement regional trade agreements in financial services.
format	Publications & Research :: Publication
author	Haddad, Mona Stephanou, Constantinos
author_facet	Haddad, Mona Stephanou, Constantinos
author_sort	Haddad, Mona
title	Financial Services and Preferential Trade Agreements : Lessons from Latin America
title_short	Financial Services and Preferential Trade Agreements : Lessons from Latin America
title_full	Financial Services and Preferential Trade Agreements : Lessons from Latin America
title_fullStr	Financial Services and Preferential Trade Agreements : Lessons from Latin America
title_full_unstemmed	Financial Services and Preferential Trade Agreements : Lessons from Latin America
title_sort	financial services and preferential trade agreements : lessons from latin america
publisher	World Bank
publishDate	2012
url	http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000334955_20100604045627 http://hdl.handle.net/10986/2461
_version_	1764385498068942848

Financial Services and Preferential Trade Agreements : Lessons from Latin America

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