5. Layering the Logics of Free Trade in Banking
Published Online: 14 JAN 2013
Copyright © 2013 John Wiley & Sons, Ltd.
Banking Across Boundaries: Placing Finance in Capitalism
How to Cite
Christophers, B. (2013) Layering the Logics of Free Trade in Banking, in Banking Across Boundaries: Placing Finance in Capitalism, John Wiley & Sons, Ltd, Oxford. doi: 10.1002/9781118295496.ch5
- Published Online: 14 JAN 2013
- Published Print: 25 MAR 2013
Print ISBN: 9781444338294
Online ISBN: 9781118295496
- cross-border banking;
- economic productiveness;
- free trade;
- World Trade Organization (WTO)
This chapter demonstrates how the formulation and mobilization of ideas concerning economic productiveness played a pivotal role in the dismantling of barriers to cross-border banking over the past three decades. The first section of the chapter analyzes the most pertinent aspects of political-economic context within which the campaign to open up foreign banking markets is conducted. The second section discusses the preparatory conceptual groundwork by Western bankers to persuade foreign governments to open their doors for cross-border banking. The third section focuses on arguments that US bankers have invoked in seeking to secure domestic government support initially for hoisting financial services onto World Trade Organization (WTO). The final section focuses on the ideational battle waged on the external front – one of two related political and geographical fronts over which battle over ideas that facilitated the opening up of foreign markets to US and other Western banks was fought.