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Faculty & Research


International Financial Markets

Dermine J. (1996). 
International Trade in Banking.
 International Financial Markets
Book Chapter
In this chapter, the author develops 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 liberalisation of the financial services sector began 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 harmonisation of national regulations.

Emeritus Professor of Banking and Finance