TY - BOOK ID - 84540334 TI - Liberalization of Trade in Financial Services and Financial Sector Stability (Empirical Approach) PY - 2002 SN - 146238823X 1452781494 1282109650 9786613802545 1451901216 PB - Washington, D.C. : International Monetary Fund, DB - UniCat KW - Exports and Imports KW - Finance: General KW - Foreign Exchange KW - Industries: Financial Services KW - Monetary Systems KW - Standards KW - Regimes KW - Government and the Monetary System KW - Payment Systems KW - International Business Cycles KW - Financial Institutions and Services: Government Policy and Regulation KW - General Financial Markets: Government Policy and Regulation KW - Empirical Studies of Trade KW - Financial Institutions and Services: General KW - Finance KW - International economics KW - Currency KW - Foreign exchange KW - Financial services KW - Financial sector stability KW - Trade in services KW - Financial sector KW - Exchange rate stability KW - Financial sector policy and analysis KW - International trade KW - Economic sectors KW - Financial services industry KW - Balance of trade KW - United States UR - https://www.unicat.be/uniCat?func=search&query=sysid:84540334 AB - The paper explores empirically the links between the WTO-driven liberalization of trade in financial services and the stability of national financial systems. Econometric testing of indicators intended to proxy financial sector stability-subdivided into exchange rate and banking sector stability-suggests that opening of the financial sector is an efficient policy instrument at the disposal of the authorities for achieving a variety of macroeconomic goals. While liberalization is found to be broadly conducive to stability, the outcome of liberalization on exchange rate stability is less predictable than on banking sector stability. ER -