Faculty Journal Articles and Book Chapters
An Interim Filling the Gap in Multilateral, Regional, and Domestic Hard Law Deficiencies, Respecting Financial Services Integration within the Americas
Abstract
This chapter addresses the topic of financial services integration in the Americas. The author identifies two major external catalysts (internationalization of U.S. and Canadian banks and the global pervasiveness of international banking and financial standards) and analyzes the de facto integration process in Latin America and the Caribbean. The concluding section contains a number of relevant observations on financial integration, including the importance of strong domestic, sub-regional, regional, and hemispheric institutions and the need for a constructive convergence process to join shallow integration based on hard law and limited national policy coordination and deeper integration ruled by soft law and requiring coordination of domestic policies.
Publication Title
Law and Business Review of the Americas
Document Type
Article
Keywords
financial services integration, Free Trade Agreement of the Americas, FTAA, preferential trade agreements, Latin American financial services, banking industries, globalization, financial sector infrastructure, international standards
Recommended Citation
Joseph J. Norton, An Interim Filling the Gap in Multilateral, Regional, and Domestic Hard Law Deficiencies, Respecting Financial Services Integration within the Americas, 12 Law & Bus. Rev. Am. 153 (2006)
