---------- Forwarded message ---------- From: Walter Schachermayer wschach@fam.tuwien.ac.at ---------- Forwarded message ---------- From: Sabine Grob grob@wiiw.ac.at Subject: [Noeg-l] wiiw Seminar International Economics Date: Mon, 15 Nov 2004 14:36:59 +0100
Dear Colleagues,
We apologize for the previous announcement with a wrong date. The next wiiw Seminar in International Economics will be this week:
Friday, November 19th, 2004 at 1 pm wiiw Seminarraum, Oppolzergasee 6, 1010 Wien, 2nd floor
Felix Eschenbach
Sciences Po, Paris
Financial Sector Competition, International Trade in Financial Services, and Economic Growth
joint paper with Joseph Francois (Erasmus University Rotterdam)
Abstract: We explore dynamic linkages between financial/banking sector openness, financial sector competition, and growth. We first develop a model highlighting links between long-run economic performance and services trade, through scale economies and market and cost structures in the financial services sector. This is followed by an econometric exercise based on data for 130 countries for the 1990s. Our results point to a strong positive relationship between financial sector competition /performance and financial sector openness (meaning foreign bank access to domestic markets), and between growth and financial sector competition/performance. They also point to the presence of scale economies in the sector.
Keywords: financial services trade, service trade and imperfect competition, trade in services and growth, financial competition JEL codes: F40, F13, F43, G15
We cordially invite to this talk! Julia Wörz
Sabine Grob
The Vienna Institute for International Economic Studies (wiiw) Wiener Institut für Internationale Wirtschaftsvergleiche (wiiw) A-1010 Vienna, Oppolzergasse 6 ( Tel: +43 1 533 66 10 - 40, 4 Fax: +43 1 533 66 10 - 50 , e-mail: grob@wiiw.at wiiw Homepage: www.wiiw.at