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International trade in banking

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In this paper, I develop an economic analysis to guide the legal framework governing international trade in banking services. This is timely as, following up on the GATT Uruguay Round concluded in April 1994, further negotiations on the liberalization of the financial services sector will begin in 1995. Close attention is paid to the ability of the national treatment principle to deal with banking, to reciprocity clauses, and to the eventual need for an additional harmonization of national regulations

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