Trade Liberalisation and Financial Services

Ryan, Cillian

doi:10.1111/j.1467-9701.1990.tb00600.x

Cited by 15 publications

(3 citation statements)

References 7 publications

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“…Additionally, consequential conflicts of interests are produced (Fitchew, 1990). Besides, specialisation that often is considered as the suitable way for exploitation of specific specialities, exploitation of managerial simplicity is also considered (Ryan, 1990). Consequently, integrated European market appears to lead to the coexistence of specialised and global financial structures.…”

Section: Abolition Of Regulating Barriersmentioning

confidence: 99%

Trends and Developments in the European Financial Sector

Thalassinos¹

2008

EFAJ

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Section: Abolition Of Regulating Barriersmentioning

confidence: 99%

Trends and Developments in the European Financial Sector

Thalassinos¹

2008

EFAJ

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“…the representation and measurement of barriers to services trade in individual countries, and the interpretation of results from model-based analyses quantifying the effect of trade liberalization in services. One of the issues stressed by Whalley -drawing on initial papers by Ryan (1990Ryan ( , 1992 -is that many services are "margin" or intermediation services. Liberalization of such sectors -such as banking -may be globally welfare reducing if there are transactions costs, as…”

Section: Services Liberalization and Economic Growthmentioning

confidence: 99%

Liberalizing Trade In Services : A Survey

Hoekman¹

2006

Policy Research Working Papers

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Since the mid 1980s a substantial amount of research has been undertaken on trade in services. Much of this is inspired by the WTO or regional trade agreements, especially the EU, but an increasing number of papers focus on the impacts of services sector liberalization. This paper surveys the literature, focusing on contributions that investigate the determinants of international trade and investment in services, the potential gains from greater trade (and liberalization) and efforts to cooperate to achieve such liberalization through trade agreements. There is increasing evidence that services liberalization is a major potential source of welfare gain, and that the performance of service sectors, and thus services policies, may be an important determinant of trade volumes, the distributional effects of trade, and economy-wide growth. Relatively little research has been done on the political economy of services trade and investment policies and the implications for the design of international cooperation -whether trade agreements or development assistance. This is an important lacuna given the extensive efforts that are invested by governments in the pursuit of such cooperation, both bilateral and multilateral.

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“…Using this framework we are able to separately consider both tariff liberalization (removing or reducing tariffs) and services liberalization which allows for foreign providers to enter domestic markets and remove inter-temporal budget constraints. We are thus able to consider services liberalization in 1 See Hindley and Smith (1984), McCulloch (1990), Hoekman (1995) and Dee and Hanslow (2001) although also see Ryan (1990) and Whalley (2003) for further work which qualifies this view. 2 Chia and Whalley (1995) discuss a single time dated commodity inter-temporal trade model with costly intermediation services over time, and with both domestic and foreign service providers.…”

Section: Introductionmentioning

confidence: 98%