| dc.contributor.author | Gensey, Guy V. T. | en_US |
| dc.date.accessioned | 2014-10-21T12:38:25Z | |
| dc.date.available | 2003 | |
| dc.date.issued | 2003 | en_US |
| dc.identifier.other | AAINQ83729 | en_US |
| dc.identifier.uri | http://hdl.handle.net/10222/54585 | |
| dc.description | The Uruguay Round of multilateral trade negotiations was completed at the end of 1993 and established the World Trade Organization (WTO) and the General Agreement on Trade in Services (GATS). Financial services, including banking, insurance, and securities, are now covered under the Financial Services Agreement (FSA) of the GATS, which oversees the exchange of these services between countries. Creating a comprehensive multilateral agreement in financial services proved challenging, reflecting the growing complexity of financial sector issues in more developing and emerging economies. | en_US |
| dc.description | This dissertation provides an overview of trade in financial services and evaluates the benefits and drawbacks of the process of liberalization under the FSA. The process is examined in Canada, India, and Singapore, and provides three conclusions. First, liberalizing trade in financial services is a separate process from opening up to more capital flows. This tends to remove it from the criticisms that are often directed at pushing financial deregulation too far and too fast. Second, the GATS raises some special concerns because its rules can affect domestic financial regulations, and the control that governments retain over them. It accounts for this by allowing countries to liberalize only where they choose, and providing the necessary economic safeguards to do so. WTO Members thereby retain a high degree of self-determination in their capacity for prudential regulation and their ability to control their pace of liberalization. Finally, the importance of the FSA has thus far been largely political and structural. There has not been major pressure on countries to liberalize, and the process is more likely conditioned by the domestic factors where it is occurring. Its significance therefore lies in making an effective start, and continuing the relatively new process of liberalizing trade in financial services, without adding unnecessary economic risks. | en_US |
| dc.description | Thesis (Ph.D.)--Dalhousie University (Canada), 2003. | en_US |
| dc.language | eng | en_US |
| dc.publisher | Dalhousie University | en_US |
| dc.publisher | | en_US |
| dc.subject | Political Science, International Law and Relations. | en_US |
| dc.title | The liberalization and regulation of trade in financial services: Exercising domestic regulatory authority. | en_US |
| dc.type | text | en_US |
| dc.contributor.degree | Ph.D. | en_US |
