01770cas a2200241 a 4500 AALejournalIMF007619 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451851267 1018-5941 BD-DhAAL BD-DhAAL Tamirisa, Natalia. Trade in Financial Services and Capital Movements / Natalia Tamirisa. Washington, D.C. : International Monetary Fund, 1999. 1 online resource (22 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 International financial liberalization may alter saving-investment imbalances and patterns of capital flows across countries. In a panel of OECD countries for 1990-96, 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. Mode of access: Internet IMF Working Papers; Working Paper ; No. 1999/089 Full text available on IMF http://elibrary.imf.org/view/journals/001/1999/089/001.1999.issue-089-en.xml IMF e-Library