This study provides a unique framework for analyzing the role of the GATS and the WTO in the liberalization and regulation of the financial services sector.
Analisis del problema de la armonizacion comunitaria de los sistemas de garantia de depositos.En primer lugar estudia si es mas conveniente un sistema controlado por el pais de origen o por el pais de acogida de las instituciones financieras. A continuacion analiza como se debe realizar la armonizacion para conseguir los objetivos de estos sistemas: proteger a los consumidores y evitar riesgos del sistema, minimizar el riesgo moral y evitar las distorsiones en la competencia. Para ello trata las cuestiones de nivel y amplitud de la proteccion, estructura administrativa y financiera, normas de operacion, y relacion con el Banco Central Europeo. Incluye bibliografia y el texto de la propuesta de directiva sobre sistemas de garantia de depositos de 14 de abril de 1992.(jha).
In this study, Sydney J. Key provides a unique framework for analyzing the role of the General Agreement on Trade in Services (GATS) and the World Trade Organizational (WTO) in the liberalization and regulation of the financial services sector. Throughout, she emphasizes the complementary and mutually reinforcing relationship between efforts to open markets under the GATS and the intensive ongoing international work on strengthening domestic financial systems, including prudential regulation and supervision. Key concludes that success in achieving the goals discussed in this study depends significantly on factors beyond the scope of the Doha round negotiations, but she emphasizes the important role the negotiations can play in helping to accelerate the process of liberalization of trade in financial services.
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