The Impacts of Evolutionary Variation of Service Trade Barriers in Banking: The Case of ASEAN+3

Abstract

Based upon our previous research which showing that there exists salient dispersion in trade restriction policies and the dispersion remains over time. In particular, there is no trend toward more liberalization in the banking service sector, the impacts of the banking service barriers are further investigated. The micro and macro effects of the restrictions on trade in banking are, however, complex. Our study provides an indication of the real income gains and the cost increase. The macro-stability effects vary by country.