Title Trade in financial services and capital movements / prepared by Natalia T. Tamirisa

Published [Washington, D.C.] : International Monetary Fund, Policy Development and Review Dept., ©1999

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Description 1 online resource (22 pages) Series IMF working paper, 2227-8885 ; WP/99/89 IMF working paper ; WP/99/89. Summary Annotation International financial liberalization may alter saving-investment imbalances and patterns of capital flows across countries. In a panel of OECD countries for 199096, this study examines how the liberalization of capital movements and financial services trade affects net private capital flows. Capital inflows tend to fall (rise) with the liberalization of commercial presence in banking and securities (insurance) services, possibly reflecting an increase (decrease) in saving. Capital account liberalization is found to stimulate capital inflows, suggesting that better access to external financing helps sustain larger fiscal and current account deficits. When cross-border trade is liberalized, capital flows change insignificantly Bibliography Includes bibliographical references (pages 20-22) Notes Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212 MiAaHDL English digitized 2010 HathiTrust Digital Library committed to preserve pda MiAaHDL Print version record Subject International finance. Financial services industry -- OECD countries Saving and investment -- OECD countries Capital movements -- OECD countries Capital movements Financial services industry International finance Saving and investment OECD countries Form Electronic book Author International Monetary Fund. Policy Development and Review Department. ISBN 1451897162 9781451897166 1281603007 9781281603005 1462365094 9781462365098 1452749248 9781452749242 9786613783691 6613783692

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