- Preface to Paperback Edition
- List of Figures
- List of Tables
- List of Abbreviations
- List of Contributors
- Banking an Overview
- The Roles of Banks in Financial Systems
- The Accelerating Integration of Banks and Markets and its Implications for Regulation
- Risk Management in Banking
- Liquidity Production in Twenty-first-century Banking
- Diversification in Banking
- Universal Banking
- The Corporate Structure of International Financial Conglomerates: Complexity and its Implications for Safety and Soundness
- Central Banking
- The Role of Banks in the Transmission of Monetary Policy
- Lender of Last Resort and Bank Closure Policy
- Regulation and Supervision: An Ethical Perspective
- Deposit Insurance
- Risk-Based Regulatory Capital and Basel II
- Market Discipline in Bank Supervision
- Competition and Antitrust Policy in Banking
- World Trade Organization Commitments vs. Reported Practices on Foreign Bank Entry and Regulation: A Cross-Country Analysis
- Efficiency in Banking: Theory, Practice, and Evidence
- Technological Change, Financial Innovation, and Diffusion in Banking
- Banking Globalization: International Consolidation and Mergers in Banking
- Small Business Lending
- Consumer Lending
- Residential Mortgages
- Securitization: Instruments and Implications
- Systemic Risk in Banking: An Update
- Banking Crises
- The Great Depression and Other ‘Contagious’ Events
- Payments Systems
- Finance and Economic Development: The Role of Government
- Banking and Real Economic Activity
- Banking in the United States
- Banking in the European Union
- Banking in Transition Countries
- Banking in Latin America
- Banking in Japan
- Banking in Developing Nations of Asia: An Overview of Recent Changes in Ownership Structure
Abstract and Keywords
This article examines the degree to which countries' commitments under the GATS financial services agreement match regulatory practices ‘on the ground’ in member countries. It is organized as follows. The second section provides a brief explanation of the GATS and the nature of WTO commitments. The third section describes the two companion parts of the data set. The fourth section develops and applies the ‘degree of discrimination’ index as a measure of the extent to which there is a regulations-related disadvantage under which foreign banks operate, post-entry, relative to domestic banks. The final section summarizes findings and concludes with an observation about the ongoing relevance of this information for discussions about better coordination of cross-border banking supervision in the wake of the global financial crisis of 2008.
James R. Barth, Lowder Eminent Scholar in Finance at Auburn University, Auburn, AL.
Juan A. Marchetti is an economist at the World Trade Organization (Trade in Services Division). He is the secretary of the WTO Committee on Trade in Financial Services. He holds a degree in Economics from the University of Buenos Aires.
Daniel E. Nolle is a Senior Financial Economist with the US Office of the Comptroller of the Currency. He is responsible for policy analysis on banking structure and performance issues, and he has contributed to the work of the Basel Committee on Banking Supervision. Daniel Nolle's research interests are in international banking, the US banking system structure, and Internet banking.
Wanvimol Sawangngoenyuang is an economist at the Research Division of the Bank of Thailand. She completed her PhD in Economics at Claremont Graduate University. She has taught Economics at California State Polytechnic University and Loyola Marymount University. Her research has focused on financial institutions and capital markets, both domestic and global, with special emphasis on banking crises.
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