01845cas a2200241 a 4500 AALejournalIMF007394 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451969221 1018-5941 BD-DhAAL BD-DhAAL Sorsa, Piritta. The GATS Agreementon Financial Services : A Modest Start to Multilateral Liberalization / Piritta Sorsa. Washington, D.C. : International Monetary Fund, 1997. 1 online resource (57 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 This paper analyzes the links between multilateral, and unilateral financial liberalization, the former represented by the General Agreements on Trade in Services (GATS). It provides an overview of the main features of the GATS and what the participants in banking and securities within its framework, and compares GATS liberalization with the actual state of liberalization of the participants' financial sectors. The results suggest that in many countries multilaterally liberalized financial sector policies are more restrictive than the actual state of openness or development of financial sectors. Many emerging markets liberalized little under the GATS despite often well-developed financial markets, while the opposite was true in some less developed developing countries. Mode of access: Internet IMF Working Papers; Working Paper ; No. 1997/055 Full text available on IMF http://elibrary.imf.org/view/journals/001/1997/055/001.1997.issue-055-en.xml IMF e-Library