Kono, Masamichi; Schuknecht, Ludger - 1999 - First draft: 11/1998, Revised: 2/1999
This study argues that trade policies regarding financial services are an important - but typically neglected … - determinant of capital flows and financial sector stability. Financial services trade liberalisation which promotes the use of a … liberalisation is not advisable, can open up certain types of financial services trade, as such trade strengthens the financial …