Publication:
Liberalization of Trade in Financial Services : Lessons from Latin America and the Caribbean

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dc.contributor.authorWorld Bank
dc.date.accessioned2012-06-14T17:27:49Z
dc.date.available2012-06-14T17:27:49Z
dc.date.issued2008-01
dc.description.abstractThis policy note is based on a project on financial services and trade agreements in the Latin America and Caribbean Region. It emphasizes that the liberalization of trade in financial services is helpful to, but is not a panacea for, domestic financial system modernization. It adds that the means of liberalizing trade in financial services may also determine the extent of the benefits that can be attained and that any trade commitments in financial services will need to be aligned with China's financial system condition and policy objectives. The author points out however, that China can also draw useful policy lessons from the Latin America and Caribbean (LCR) experience when negotiating financial services in Preferential Trade Arrangement (PTAs) by firstly, the inclusion of financial services which depends greatly on the existence of offensive interests and of asymmetric bargaining powers between the negotiating counterparts; secondly, the case studies which strongly indicate the importance of initial conditions and historical experience in shaping a country's financial services trade strategy; thirdly, the scheduling approach of the (typically self-contained) financial services chapter which both contributes to, and is determined by, the willingness to liberalize; and finally the authorities should be cognizant of important nuances between the two main negotiating templates.en
dc.identifierhttp://documents.worldbank.org/curated/en/2008/01/9066764/liberalization-trade-financial-services-lessons-latin-america-caribbean
dc.identifier.doi10.1596/8032
dc.identifier.urihttps://hdl.handle.net/10986/8032
dc.languageEnglish
dc.publisherWashington, DC
dc.relation.ispartofseriesTrade Issues in East Asia
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectACCESS TO MARKETS
dc.subjectACCOUNTING
dc.subjectADMINISTRATIVE PROCEDURES
dc.subjectADVERSE EFFECTS
dc.subjectASSET MANAGEMENT
dc.subjectAUDITING
dc.subjectBALANCE OF PAYMENTS
dc.subjectBANK ASSETS
dc.subjectBANKING SERVICES
dc.subjectBANKING SYSTEM
dc.subjectBOND MARKET
dc.subjectBOND MARKETS
dc.subjectBUSINESS ENVIRONMENT
dc.subjectBUSINESS PEOPLE
dc.subjectCAPITAL ACCOUNT
dc.subjectCAPITAL ACCOUNTS
dc.subjectCAPITAL ALLOCATION
dc.subjectCAPITAL CONTROLS
dc.subjectCAPITAL FLOW
dc.subjectCAPITAL FLOWS
dc.subjectCAPITAL INFLOWS
dc.subjectCAPITAL MARKETS
dc.subjectCAPITAL REQUIREMENTS
dc.subjectCENTRAL AMERICA
dc.subjectCENTRAL AMERICAN
dc.subjectCENTRAL BANK
dc.subjectCIVIL SOCIETY
dc.subjectCOLLATERAL
dc.subjectCOLLECTIVE INVESTMENTS
dc.subjectCOMMERCIAL PRESENCE
dc.subjectCOMMITTEE ON TRADE
dc.subjectCOMMON MARKET
dc.subjectCOMMON MARKETS
dc.subjectCONSOLIDATION
dc.subjectCONSUMPTION ABROAD
dc.subjectCORPORATE BOND
dc.subjectCREDIT BUREAUS
dc.subjectCREDIT CARD
dc.subjectCREDIT PORTFOLIO
dc.subjectCREDIT RISK
dc.subjectCROSS-BORDER PROVISION
dc.subjectCROSS-BORDER SUPPLY
dc.subjectCROSS-BORDER TRADE
dc.subjectCURRENCY
dc.subjectCUSTOM UNIONS
dc.subjectCUSTOMS
dc.subjectCUSTOMS UNION
dc.subjectCUSTOMS UNIONS
dc.subjectDEBT
dc.subjectDEPOSITORS
dc.subjectDEREGULATION
dc.subjectDEVELOPING COUNTRIES
dc.subjectDEVELOPING COUNTRY
dc.subjectDISCRIMINATION
dc.subjectDISPUTE SETTLEMENT
dc.subjectDISPUTE SETTLEMENT MECHANISMS
dc.subjectDOMESTIC AUTHORITIES
dc.subjectDOMESTIC BANKS
dc.subjectDOMESTIC CAPITAL
dc.subjectDOMESTIC REFORM
dc.subjectDOMESTIC REGULATION
dc.subjectDOMESTIC SUPPLIERS
dc.subjectECONOMIC COOPERATION
dc.subjectELECTRONIC PAYMENT
dc.subjectENTRY BARRIERS
dc.subjectENTRY RESTRICTIONS
dc.subjectEQUITY MARKET
dc.subjectEXCHANGE RATE
dc.subjectEXCHANGE RATE REGIME
dc.subjectEXCLUSION
dc.subjectFACTORING
dc.subjectFEDERAL RESERVE
dc.subjectFEDERAL RESERVE BANK
dc.subjectFINANCIAL ACCESS
dc.subjectFINANCIAL FRAGILITY
dc.subjectFINANCIAL GLOBALIZATION
dc.subjectFINANCIAL INFRASTRUCTURE
dc.subjectFINANCIAL INSTITUTION
dc.subjectFINANCIAL INSTITUTIONS
dc.subjectFINANCIAL INTEGRATION
dc.subjectFINANCIAL LIBERALIZATION
dc.subjectFINANCIAL MARKET
dc.subjectFINANCIAL MARKETS
dc.subjectFINANCIAL REFORM
dc.subjectFINANCIAL SECTOR
dc.subjectFINANCIAL SECTOR REFORM
dc.subjectFINANCIAL SECURITIES
dc.subjectFINANCIAL SERVICE
dc.subjectFINANCIAL SERVICE PROVIDERS
dc.subjectFINANCIAL SERVICES
dc.subjectFINANCIAL SERVICES LIBERALIZATION
dc.subjectFINANCIAL SERVICES PROVIDERS
dc.subjectFINANCIAL STABILITY
dc.subjectFINANCIAL SYSTEM
dc.subjectFINANCIAL SYSTEMS
dc.subjectFINANCIAL TRANSACTIONS
dc.subjectFOREIGN BANK
dc.subjectFOREIGN BANKS
dc.subjectFOREIGN CAPITAL
dc.subjectFOREIGN COMPETITION
dc.subjectFOREIGN DIRECT INVESTMENT
dc.subjectFOREIGN ENTRY
dc.subjectFOREIGN EQUITY
dc.subjectFOREIGN EQUITY PARTICIPATION
dc.subjectFOREIGN FINANCIAL INSTITUTIONS
dc.subjectFOREIGN INVESTMENTS
dc.subjectFOREIGN INVESTORS
dc.subjectFOREIGN OWNERSHIP
dc.subjectFOREIGN PROVIDERS
dc.subjectFOREIGN SERVICE PROVIDERS
dc.subjectFOREIGN SUPPLIER
dc.subjectFREE TRADE
dc.subjectFREE TRADE AGREEMENT
dc.subjectFREE TRADE AGREEMENTS
dc.subjectGATS
dc.subjectGENERAL AGREEMENT ON TRADE IN SERVICES
dc.subjectGLOBALIZATION
dc.subjectGREATER ACCESS
dc.subjectHARMONIZATION
dc.subjectINCREASED COMPETITION
dc.subjectINDIRECT BARRIERS
dc.subjectINSURANCE
dc.subjectINSURANCE INDUSTRY
dc.subjectINSURANCE SERVICES
dc.subjectINTEREST RATE
dc.subjectINTEREST RATE CEILINGS
dc.subjectINTERNATIONAL CAPITAL
dc.subjectINTERNATIONAL CAPITAL FLOW
dc.subjectINTERNATIONAL COMPETITION
dc.subjectINTERNATIONAL TRADE
dc.subjectLACK OF CAPITAL
dc.subjectLAWS
dc.subjectLENDING POLICIES
dc.subjectLEVEL PLAYING FIELD
dc.subjectLIBERALIZATION
dc.subjectLIBERALIZATION OF TRADE
dc.subjectLIBERALIZING TRADE
dc.subjectLOAN
dc.subjectLOCAL CONSUMERS
dc.subjectMARKET ACCESS
dc.subjectMARKET ACCESS COMMITMENTS
dc.subjectMARKET CAPITALIZATION
dc.subjectMARKET PLAYERS
dc.subjectMARKET SHARE
dc.subjectMODES OF SUPPLY
dc.subjectMULTILATERAL CONTEXT
dc.subjectMULTILATERAL LEVEL
dc.subjectNATIONAL TREATMENT
dc.subjectPACIFIC REGION
dc.subjectPAYMENT SERVICES
dc.subjectPAYMENT SYSTEMS
dc.subjectPOLICY RESEARCH
dc.subjectPORTFOLIO
dc.subjectPREFERENTIAL ACCESS
dc.subjectPREFERENTIAL ARRANGEMENTS
dc.subjectPREFERENTIAL TRADE
dc.subjectPREFERENTIAL TRADE AGREEMENTS
dc.subjectPREFERENTIAL TREATMENT
dc.subjectPRIVATE SECTOR DEVELOPMENT
dc.subjectPRUDENTIAL REGULATIONS
dc.subjectRATING AGENCIES
dc.subjectREGIONAL LEVEL
dc.subjectREGULATORY BURDEN
dc.subjectREGULATORY CONDITIONS
dc.subjectREGULATORY REFORM
dc.subjectREGULATORY REQUIREMENTS
dc.subjectREGULATORY RESTRICTIONS
dc.subjectREGULATORY STANDARDS
dc.subjectRISK MANAGEMENT
dc.subjectRULE OF LAW
dc.subjectRULES OF ORIGIN
dc.subjectSAVINGS
dc.subjectSECURITIES
dc.subjectSERVICES PROVIDERS
dc.subjectSERVICES SUPPLIER
dc.subjectSERVICES TRADE
dc.subjectSOCIAL SECURITY
dc.subjectSUBSIDIARIES
dc.subjectTAXATION
dc.subjectTRADE LIBERALIZATION
dc.subjectTRADE NEGOTIATIONS
dc.subjectTRADE NEGOTIATORS
dc.subjectTRADE POLICY
dc.subjectTRANSPARENCY
dc.subjectWORLD ECONOMY
dc.subjectWORLD TRADE
dc.subjectWORLD TRADE ORGANIZATION
dc.subjectWTO
dc.titleLiberalization of Trade in Financial Services : Lessons from Latin America and the Caribbeanen
dspace.entity.typePublication
okr.date.doiregistration2025-05-07T09:09:08.686443Z
okr.doctypeEconomic & Sector Work::Other Poverty Study
okr.doctypeEconomic & Sector Work
okr.docurlhttp://documents.worldbank.org/curated/en/2008/01/9066764/liberalization-trade-financial-services-lessons-latin-america-caribbean
okr.globalpracticeFinance and Markets
okr.globalpracticeGovernance
okr.globalpracticeTrade and Competitiveness
okr.globalpracticeTrade and Competitiveness
okr.guid594331468023451895
okr.identifier.externaldocumentum000020953_20080310134948
okr.identifier.internaldocumentum9066764
okr.identifier.report42855
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2008/03/10/000020953_20080310134948/Rendered/PDF/428550P09622601nancial0Services0Rpt.pdfen
okr.region.administrativeEast Asia and Pacific
okr.sectorPublic Administration, Law, and Justice :: General public administration sector
okr.themePoverty strategy, analysis and monitoring
okr.themeOther economic management
okr.themeSocial protection and risk management
okr.themeEconomic management
okr.topicLaw and Development::Trade Law
okr.topicBanks and Banking Reform
okr.topicPrivate Sector Development::Emerging Markets
okr.topicInternational Economics and Trade::Trade and Services
okr.topicFinance and Financial Sector Development::Access to Finance
okr.unitPREM Sector Department (EASPR)
okr.volume1 of 1
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