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

Public ISBD Titre : Trade in financial services and capital movements Type de document : document électronique Auteurs : Natalia T. Tamirisa, Auteur Editeur : IMF Année de publication : July 1999 Collection : Working Paper num. 89 Importance : 22 p Langues : Anglais (eng) Catégories : Marchés financiers Tags : Marché financier  Mouvement des capitaux  Banques  Commerce Résumé : International financial liberalization may alter saving–investment imbalances and patterns of capital flows across countries. Using a panel of OECD countries for 1990–1996, I examine 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. I find that capital account liberalization stimulates capital inflows, suggesting that better access to external financing helps sustain larger current account deficits. When cross-border trade is liberalized, capital inflows change insignificantly. En ligne : https://www.imf.org/external/pubs/ft/wp/1999/wp9989.pdf Trade in financial services and capital movements [document électronique] / Natalia T. Tamirisa, Auteur . - [S.l.] : IMF, July 1999 . - 22 p. - (Working Paper; 89) . Langues : Anglais (eng) Catégories : Marchés financiers Tags : Marché financier  Mouvement des capitaux  Banques  Commerce Résumé : International financial liberalization may alter saving–investment imbalances and patterns of capital flows across countries. Using a panel of OECD countries for 1990–1996, I examine 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. I find that capital account liberalization stimulates capital inflows, suggesting that better access to external financing helps sustain larger current account deficits. When cross-border trade is liberalized, capital inflows change insignificantly. En ligne : https://www.imf.org/external/pubs/ft/wp/1999/wp9989.pdf

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