This paper argues that interests of nationals and owners of home-based foreign capital in the formation of a Trade Agreements (TA) are not antagonistic, except under rather particular assumptions on initial tariffs among potential members. Further, if initial tariffs are endogenously determined...

This study argues that trade policies regarding financial services are an important-but typically neglected- determinant of capital flows and financial sector stability. Financial services trade liberalisation which promotes the use of a broad spectrum of financial instruments and allows the...

This paper is concerned with the measurement of tariff and non-tariff barriers for use in quantitative analysis of commercial policies. Non-tariff measures are defined and classified, and the measurement of their effects is discussed. This includes a review of the inventory approach, under which...