tests for contagion (i.e., an intensification in the transmission of shocks across countries), fragmentation (a reduction in … substantial fragmentation from 2010 onward. Flight to quality was present at the height of the crisis, but has largely dissipated … in yields following the OMT announcement, the high current degree of fragmentation poses difficult challenges for policy …

), as of June 2011. This paper discusses how RTAs support or debilitate the GATS in its governance function as the keeper of … governance by focusing on four different issues : architecture; compliance; ability to promote reforms; and actual impact of RTAs …

), as of June 2011. This paper discusses how RTAs support or debilitate the GATS in its governance function as the keeper of … governance by focusing on four different issues : architecture; compliance; ability to promote reforms; and actual impact of RTAs …