The Gats Agreement on Financial Services: A Modest Start to Multilateral Liberalization
The Gats Agreement on Financial Services: A Modest Start to Multilateral Liberalization
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《服贸总协定》金融服务：多边自由化的温和开端
DOI：
10.5089/9781451969221.001
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发表时间：
1997
期刊：
影响因子：
--
通讯作者：
Piritta Sorsa
中科院分区：
文献类型：
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作者：
Piritta Sorsa
本文分析了以服务贸易总协定（GATS）为代表的多边金融自由化与单边金融自由化之间的联系。它概述了服务贸易总协定的主要特点以及其框架内银行和证券参与者的情况，并将服务贸易总协定的自由化与参与者金融部门的实际自由化状况进行了比较。结果表明，在许多国家，多边自由化的金融部门政策比金融部门开放或发展的实际状态更具限制性。许多新兴市场在《服务贸易总协定》下几乎没有自由化，尽管金融市场往往很发达，而一些较不发达的发展中国家的情况正好相反。
This paper analyzes the links between multilateral, and unilateral financial liberalization, the former represented by the General Agreements on Trade in Services (GATS). It provides an overview of the main features of the GATS and what the participants in banking and securities within its framework, and compares GATS liberalization with the actual state of liberalization of the participants` financial sectors. The results suggest that in many countries multilaterally liberalized financial sector policies are more restrictive than the actual state of openness or development of financial sectors. Many emerging markets liberalized little under the GATS despite often well-developed financial markets, while the opposite was true in some less developed developing countries.