Banking without borders: challenges and opportunities in the era of North American Free Trade and the emerging global marketplace
"Despite all the controversy surrounding NAFTA, very little attention was paid to the impact on the financial sector. Yet, free trade experts agree that banks and other institutions are the critical ingredient to successful free trade. [This book] details the opportunities and dangers that lie...
Saved in:
| Main Author: | |
|---|---|
| Format: | Book |
| Language: | English |
| Published: |
Chicago, Ill. u.a.
Probus
1995
|
| Series: | A bankline publication
|
| Subjects: | |
| Online Access: | Inhaltsverzeichnis |
| Summary: | "Despite all the controversy surrounding NAFTA, very little attention was paid to the impact on the financial sector. Yet, free trade experts agree that banks and other institutions are the critical ingredient to successful free trade. [This book] details the opportunities and dangers that lie ahead for the financial markets in an open market, including the two major areas for growth: international expansion and attracting customers seeking international services. ...[The work] includes: a focus on the entire financial services spectrum; a review of major free trade treaties; business opportunities for banks of all sizes; current restrictions and opportunities for financial institutions; input from free trade experts in the U.S., Canadian, and Mexican governments."--Back cover. |
| Physical Description: | XXIV, 243 S. |
| ISBN: | 1557387311 |
Staff View
MARC
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Record in the Search Index
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| adam_text | Contents
Preface xi
Acknowledgments xxiii
1 The Banking Industry and NAFTA 1
Introduction 1
Financial Services under NAFTA 2
Establishment of Financial Institutions 2
Cross Border Trade 4
National Treatment 5
Most Favored Nation Treatment 6
New Financial Services and Data Processing 7
Senior Management and Boards of Directors 8
Transparency 9
Financial Services Committee 11
Dispute Settlement 14
Investment Transfers 16
Expropriation and Compensation 18
Arbitration for Transfers and Expropriation 20
Different Perspectives on the Agreement 21
Contents
The U.S. Perspective 21
The Canadian Perspective 25
The Mexican Perspective 28
The Mexican Political Experience 29
The Maquiladora Program 30
President Carlos Salinas de Gortari 32
Reforms under Salinas 32
A Shift Toward North American Free Trade 33
Implications for Financial Services 36
Advantages of NAFTA for Financial Services 36
Selected References 42
Endnotes 43
2 Banking Transactions without Borders 45
Introduction 45
Currency Transactions 46
The U.S. Dollar Abroad 46
The Canadian Dollar 48
The Mexican Peso 49
Exchange Rate Risk 50
Electronic Banking 52
Check Clearing 52
Electronic Payments and Interbank Networks 53
Retail Applications 54
Bank Management Applications 56
Expanding Scope of Applications 57
Banking Opportunities in Mexico 62
Trade Finance 62
Letters of Credit 66
Bills of Exchange 69
Forfaiting 70
Countertrade 71
Government Support 75
Corporate Finance 77
Retail Banking 79
North American Banking 81
Contents
Selected References 83
Endnotes 85
3 The Canadian and Mexican Banking Systems 87
Introduction 87
The Canadian Banking System 88
Historical Overview 88
The Royal Bank of Canada 93
Foreign Banks in Canada 95
The Mexican Banking System 101
Historical Overview 102
Bank Privatizations 108
Banamex 110
Bancomer 112
New Banking Groups 113
Mexican Bank Profitability 116
Investments and Money Management 118
New Markets, New Niches 121
Selected References 121
Endnotes 123
4 Financial Market Opportunities
under NAFTA 125
Introduction 125
NAFTA Provisions 125
The Mexican Stock Market 129
Major Mexican Companies 131
American Depositary Receipts 136
The Mexican Bond Market 139
Innovation in an International Context 142
Mexican Securities Firms Abroad 142
Innovative Financing for Mexican Firms 143
Mexican Derivatives 146
Selected References 149
Endnotes 150
Contents
5 Other Financial Services in Mexico 151
Introduction 151
The Mexican Insurance Market 152
NAFTA Provisions 152
The Attraction for Foreign Insurers 156
Fund Management in Mexico 158
Export Insurance 161
Other Financial Services 167
NAFTA Provisions 167
Factoring Services 169
Export Factoring 172
Project Finance 173
Finance in North America 175
Selected References 175
Endnotes 176
6 The Impact of NAFTA on Industry
and Finance 177
Introduction 177
Automobile Industry 178
The Automotive Decree of 1962 178
The Automotive Decree of 1983 179
The Automotive Decree of 1989 181
The Automotive Industry Today 182
The Oil and Gas Industry 183
Pemex 183
Restructuring the Industry 184
Consumer Goods and Retailing 187
Demographics of the Mexican Market 187
Distribution, Pricing, and the Competitive Climate 187
Market Research 191
Telecommunications 191
Privatization of Telmex 192
Long Distance Competition 193
Other Telecommunications Industries 194
Contents
The Computer Industry 195
Agriculture 196
Constitutional Protection 196
Redistribution of Land 197
Policy Reversal 198
Investment Opportunities 199
Conclusion 201
Selected References 202
Endnotes 203
7 Beyond NAFTA 205
Introduction 205
GATT: The Foundation for Regional Trade 206
The Motivation for GATT 206
The Basic Principles 207
Regional Trade Agreements under GATT 210
Regional Integration of Latin America 212
The Stages of Regional Integration 212
Latin American Regional Pacts 216
Latin American Free Trade Area/Latin American
Integration Association 216
Central American Common Market 220
Caribbean Free Trade Association/Caribbean
Community 221
The Andean Group 222
A Shift in Focus 224
Mercado Comun del Sur 225
Group of Three 226
The South American Free Trade Agreement? 227
Selected References 229
Endnotes 230
Contents
Bibliography 231
Index 239
About the Author 243
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| spelling | Johnson, Hazel J. Verfasser aut Banking without borders challenges and opportunities in the era of North American Free Trade and the emerging global marketplace Hazel J. Johnson Chicago, Ill. u.a. Probus 1995 XXIV, 243 S. txt rdacontent n rdamedia nc rdacarrier A bankline publication "Despite all the controversy surrounding NAFTA, very little attention was paid to the impact on the financial sector. Yet, free trade experts agree that banks and other institutions are the critical ingredient to successful free trade. [This book] details the opportunities and dangers that lie ahead for the financial markets in an open market, including the two major areas for growth: international expansion and attracting customers seeking international services. ...[The work] includes: a focus on the entire financial services spectrum; a review of major free trade treaties; business opportunities for banks of all sizes; current restrictions and opportunities for financial institutions; input from free trade experts in the U.S., Canadian, and Mexican governments."--Back cover. Banks and banking, American Canada Banks and banking, American Mexico Banks and banking, International Kanada Mexiko HBZ Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=006977020&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Johnson, Hazel J. Banking without borders challenges and opportunities in the era of North American Free Trade and the emerging global marketplace Banks and banking, American Canada Banks and banking, American Mexico Banks and banking, International |
| title | Banking without borders challenges and opportunities in the era of North American Free Trade and the emerging global marketplace |
| title_auth | Banking without borders challenges and opportunities in the era of North American Free Trade and the emerging global marketplace |
| title_exact_search | Banking without borders challenges and opportunities in the era of North American Free Trade and the emerging global marketplace |
| title_full | Banking without borders challenges and opportunities in the era of North American Free Trade and the emerging global marketplace Hazel J. Johnson |
| title_fullStr | Banking without borders challenges and opportunities in the era of North American Free Trade and the emerging global marketplace Hazel J. Johnson |
| title_full_unstemmed | Banking without borders challenges and opportunities in the era of North American Free Trade and the emerging global marketplace Hazel J. Johnson |
| title_short | Banking without borders |
| title_sort | banking without borders challenges and opportunities in the era of north american free trade and the emerging global marketplace |
| title_sub | challenges and opportunities in the era of North American Free Trade and the emerging global marketplace |
| topic | Banks and banking, American Canada Banks and banking, American Mexico Banks and banking, International |
| topic_facet | Banks and banking, American Canada Banks and banking, American Mexico Banks and banking, International Kanada Mexiko |
| url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=006977020&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
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