The Doha round and financial services negotiations
Author(s)
Bibliographic Information
The Doha round and financial services negotiations
(AEI studies on services trade negotiations)
AEI Press, 2003
- pbk.
Available at 1 libraries
  Aomori
  Iwate
  Miyagi
  Akita
  Yamagata
  Fukushima
  Ibaraki
  Tochigi
  Gunma
  Saitama
  Chiba
  Tokyo
  Kanagawa
  Niigata
  Toyama
  Ishikawa
  Fukui
  Yamanashi
  Nagano
  Gifu
  Shizuoka
  Aichi
  Mie
  Shiga
  Kyoto
  Osaka
  Hyogo
  Nara
  Wakayama
  Tottori
  Shimane
  Okayama
  Hiroshima
  Yamaguchi
  Tokushima
  Kagawa
  Ehime
  Kochi
  Fukuoka
  Saga
  Nagasaki
  Kumamoto
  Oita
  Miyazaki
  Kagoshima
  Okinawa
  Korea
  China
  Thailand
  United Kingdom
  Germany
  Switzerland
  France
  Belgium
  Netherlands
  Sweden
  Norway
  United States of America
Note
Includes bibliographical references (p. 87-99) and index
Description and Table of Contents
Description
In this study, Sydney J. Key provides a unique framework for analyzing the role of the General Agreement on Trade in Services (GATS) and the World Trade Organization (WTO) in the liberalization and regulation of the financial services sector. Throughout, she emphasizes the complementary and mutually reinforcing relationship between efforts to open markets under the GATS and the intensive ongoing international work on strengthening domestic financial systems, including prudential regulation and supervision. Key's study identifies six broad goals for the financial services negotiations in the Doha round. Four of the goals involve what she terms "first-pillar liberalization," aimed at achieving national treatment and market access. These include binding existing and ongoing liberalization and narrowing or withdrawing broad most favored nation exemptions. The final two goals involve "second-pillar liberalization," aimed at removing nonquantitative and nondiscriminatory structural barriers. This requires strengthening GATS disciplines on regulatory transparency and removing barriers to "effective market access."
Key concludes that success in achieving the goals discussed in this study depends significantly on factors beyond the scope of the Doha round negotiations, but she emphasizes the important role the negotiations can play in helping to accelerate the process of liberalization of trade in financial services.
Table of Contents
- Foreword, Claude Barfield
- 1. Introduction
- 2. International Trade in Financial Services
- E-Finance
- Modes of Supply
- 3. Liberalization and Regulation
- Three Pillars of Liberalization
- Strengthening Domestic Financial Systems
- The Prudential Carve-Out in the GATS
- 4. National Treatment and Market Access
- "Binding" Existing and Ongoing Liberalization
- Foreign Direct Investment
- Cross-Border Services
- 5. Nondiscriminatory Structural Barriers
- Regulatory Transparency
- "Effective Market Access"
- Recognition of Prudential Measures
- The Intra-EU Approach
- 6. Conclusion
- Notes
- References
- Index
by "Nielsen BookData"