The internationalization of financial services is an important issue for the strengthening and liberalizing of financial systems in developing countries. There

A Brookings Institution Press, the World Bank, and the International Monetary Fund publication The extensive reforms and liberalization of financial services in

Foreign banks are playing an increasingly large role in many developing countries, holding more than 50 percent of banking assets in several of these countries.

April 1998 Asian countries should consider the benefits of opening their financial service sectors more quickly-at the same time that they are liberalizing capi

Since the recent international crises, the role and significance of international financial institutions (IFI) have been challenged. Some have argued that globa