The internationalization of financial services
Subtitle: issues and lessons for developing countries
By: edited by Stijn Claessens and Marion Jansen.
Contributors: Claessens, Stijn.; Jansen, Marion.
Publisher: Kluwer Law International; Sold and distributed in North, Central and South America by Kluwer Law International
Published: 2000
Place of publication: London; Cambridge, Mass
Language: eng
Number of pages: 465
Subjects: Financial services industry -- Congresses.; Financial services industry -- Developing countries -- Congresses.
Genres: Congresses.
Description: The internationalization of financial services is an important issue for the strengthening and liberalizing of financial systems in developing countries. There has been considerable support for the view that internationalization can assist countries in building financial systems that are more stable and efficient by introducing international standards and practices. At the same time, there have been concerns about the risks that internationalization may carry for some countries, particularly in the absence of adequate regulatory structures. The chapters in this book examine different aspects of this debate, the relative benefits and costs of internationalization, and together provide an insight into the diversity and significance of the effects of internationalization on domestic financial systems.
Notes: "World Trade Organization, The World Bank."

"Contains papers from a conference jointly sponsored by the World Bank and the WTO Secretariat, Geneva, May 1999"-- back cover.

Includes bibliographical references and index.