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Key Features:Contains contributions by most of the world's important international trade specialists, who reflect on Professor Deardorff's accomplishments supplemented by their own views on the topics being addressedOffers reprints of many of Professor Deardorff's most important publicationsAddresses topics at the core of international trade theory and policy by Professor Deardorff himself, together with contributions by many of the world's leading trade economists.

Key Features:Written by an author who is a co-developer of the Michigan Model of World Production and TradeIncludes a brief introduction to each chapter, with a review question component useful for instructors at the end of the chapterProvides references to current developments and more recent literature.

This paper considers the key policy issues related to liberalisation of trade in financial services that the International Monetary Fund (IMF) should be concerned with, and the role the IMF has played in advising on policies related to trade in financial services in its bilateral and multilateral surveillance and in conditionality attached to lending programmes. The IMF staff were generally aware of the literature and country experiences showing the benefits of financial liberalisation. But Fund advice in support of liberalisation can be best interpreted to be in support of country unilateral policy actions and the dynamics of the World Trade Organisation (WTO) accession process.