| dc.description.abstract | This thesis studies MERCOSUR Agreements in the area of banking
services. The core issue of this study is to examine whether the present
and potential benefits arising from MERCOSUR Agreements - as they
have been designed and implemented - are worth the risks and
difficulties underscored of the liberalisation and integration processes.
For the proposed analysis, first of all a presentation is made of the
context in whichMERCOSUR integration is inserted (Chapter I). This
means the trends towards globalisation, internationalisation and
liberalisation present today in Latin America's financial sector. In the
second place (Chapter Il), the Asuncion Treaty and MERCOSUR
complementary Protocols are described. Thirdly (Chapter Ill), the
regulations and structures generated in the MERCOSUR in relation to
banking services are presented. Chapter IV describes countries
financial legislation and regulation. Subsequently (Chapter V Section
1), the obstacles to liberalisation and integration present today in the
instruments, bodies and specific provisions regarding the banking
sector in the MERCOSUR and in the internal legislation of its Party
States, are gone into in depth. Finally, (Chapter V Section 2), an
explanation is given of the impact of the Brazilian and Argentine
economic crises since 1999 on the MERCOSUR integration process, in
macroeconomic and unilateral trade measures.
The author's principal conclusion is that the MERCOSUR
framework has a positive potential and may contribute to the economic
growth and wellbeing of the countries and societies it involves. For the
further development and enhancement of its positive effects,
MERCOSUR should avoid or at least mitigate the risks and difficulties
involved in the opening up processes. The author suggests some
concrete strategies for future negotiations in the context of
MERCOSUR, FTAA, GATS or other liberalisation agreements
involving Latin American countries. | en_US |
