01714cas a2200241 a 4500 AALejournalIMF002008 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451856057 1018-5941 BD-DhAAL BD-DhAAL Kireyev, Alexei. Liberalization of Trade in Financial Services and Financial Sector Stability (Empirical Approach) / Alexei Kireyev. Washington, D.C. : International Monetary Fund, 2002. 1 online resource (27 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students 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. Mode of access: Internet IMF Working Papers; Working Paper ; No. 2002/139 Full text available on IMF http://elibrary.imf.org/view/journals/001/2002/139/001.2002.issue-139-en.xml IMF e-Library