The Liberalization of Capital Movements in Europe: The Monetary Committee and Financial Integration 1958–1994
The member states are facing the choice between either reaping the benefits of increasing integration in a certain area - in this case the capital markets - attended by a significant reduction in national powers of autonomous decision-making and independence, or retaining this national independence...
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Dordrecht
Springer Netherlands
1996
|
| Ausgabe: | 1st ed. 1996 |
| Schriftenreihe: | Financial and Monetary Policy Studies
29 |
| Schlagworte: | |
| Online-Zugang: | BTU01 Volltext |
| Zusammenfassung: | The member states are facing the choice between either reaping the benefits of increasing integration in a certain area - in this case the capital markets - attended by a significant reduction in national powers of autonomous decision-making and independence, or retaining this national independence enabling them to pursue their own policy objectives with the aid of instruments selected at their discretion. To this question, there is no generally valid answer. The solution is determined by the weight assigned to the benefits, on the one hand, and that assigned to the reduction in national sovereignty, on the other. This, however, is a subjective matter, which is assessed differently in the various countries. OnnoRuding, 1969 1. 1 CAPITAL LffiERALIZATION AND MONETARY UNIFICATION In the 1980s Europe made a leap forward towards the liberalization of capital movements. EEC directives were accepted by all member states obliging them to abolish all remaining exchange controls. This common objective of freedom of capital movements has been consolidated in the Treaty on European Union. Nowadays virtually all restrictions have been lifted. This stands in striking contrast to the state of affairs only a decade ago, when many countries still operated a tight regime. Although the Treaty of Rome provided for the freedom of capital movements, this objective was circumscribed by the clause that such liberalization should only be carried through to the extent necessary to ensure the proper functioning of the Common Market |
| Beschreibung: | 1 Online-Ressource (XVIII, 336 p) |
| ISBN: | 9789401101233 |
| DOI: | 10.1007/978-94-011-0123-3 |
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Datensatz im Suchindex
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| discipline | Wirtschaftswissenschaften |
| discipline_str_mv | Wirtschaftswissenschaften |
| doi_str_mv | 10.1007/978-94-011-0123-3 |
| edition | 1st ed. 1996 |
| era | Geschichte 1958-1994 gnd |
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| series2 | Financial and Monetary Policy Studies |
| spelling | Bakker, Age F.P. Verfasser aut The Liberalization of Capital Movements in Europe The Monetary Committee and Financial Integration 1958–1994 by Age F.P. Bakker 1st ed. 1996 Dordrecht Springer Netherlands 1996 1 Online-Ressource (XVIII, 336 p) txt rdacontent c rdamedia cr rdacarrier Financial and Monetary Policy Studies 29 The member states are facing the choice between either reaping the benefits of increasing integration in a certain area - in this case the capital markets - attended by a significant reduction in national powers of autonomous decision-making and independence, or retaining this national independence enabling them to pursue their own policy objectives with the aid of instruments selected at their discretion. To this question, there is no generally valid answer. The solution is determined by the weight assigned to the benefits, on the one hand, and that assigned to the reduction in national sovereignty, on the other. This, however, is a subjective matter, which is assessed differently in the various countries. OnnoRuding, 1969 1. 1 CAPITAL LffiERALIZATION AND MONETARY UNIFICATION In the 1980s Europe made a leap forward towards the liberalization of capital movements. EEC directives were accepted by all member states obliging them to abolish all remaining exchange controls. This common objective of freedom of capital movements has been consolidated in the Treaty on European Union. Nowadays virtually all restrictions have been lifted. This stands in striking contrast to the state of affairs only a decade ago, when many countries still operated a tight regime. Although the Treaty of Rome provided for the freedom of capital movements, this objective was circumscribed by the clause that such liberalization should only be carried through to the extent necessary to ensure the proper functioning of the Common Market Europäische Kommission Währungsausschuss (DE-588)2015915-8 gnd rswk-swf Geschichte 1958-1994 gnd rswk-swf International Economics Finance, general Public International Law Macroeconomics/Monetary Economics//Financial Economics International economics Finance Public international law Macroeconomics Finanzwirtschaft (DE-588)4017214-4 gnd rswk-swf Kapitalmobilität (DE-588)4163275-8 gnd rswk-swf Kapitalbewegung (DE-588)4132737-8 gnd rswk-swf Internationale Kapitalbewegung (DE-588)4162044-6 gnd rswk-swf Europäische Integration (DE-588)4071013-0 gnd rswk-swf Liberalisierung (DE-588)4120670-8 gnd rswk-swf Europa (DE-588)4015701-5 gnd rswk-swf (DE-588)4113937-9 Hochschulschrift gnd-content Europäische Kommission Währungsausschuss (DE-588)2015915-8 b Internationale Kapitalbewegung (DE-588)4162044-6 s Liberalisierung (DE-588)4120670-8 s Geschichte 1958-1994 z DE-604 Finanzwirtschaft (DE-588)4017214-4 s Europäische Integration (DE-588)4071013-0 s Europa (DE-588)4015701-5 g Kapitalmobilität (DE-588)4163275-8 s Kapitalbewegung (DE-588)4132737-8 s Erscheint auch als Druck-Ausgabe 9780792335917 Erscheint auch als Druck-Ausgabe 9789401101240 Erscheint auch als Druck-Ausgabe 9789401040594 https://doi.org/10.1007/978-94-011-0123-3 Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Bakker, Age F.P The Liberalization of Capital Movements in Europe The Monetary Committee and Financial Integration 1958–1994 Europäische Kommission Währungsausschuss (DE-588)2015915-8 gnd International Economics Finance, general Public International Law Macroeconomics/Monetary Economics//Financial Economics International economics Finance Public international law Macroeconomics Finanzwirtschaft (DE-588)4017214-4 gnd Kapitalmobilität (DE-588)4163275-8 gnd Kapitalbewegung (DE-588)4132737-8 gnd Internationale Kapitalbewegung (DE-588)4162044-6 gnd Europäische Integration (DE-588)4071013-0 gnd Liberalisierung (DE-588)4120670-8 gnd |
| subject_GND | (DE-588)2015915-8 (DE-588)4017214-4 (DE-588)4163275-8 (DE-588)4132737-8 (DE-588)4162044-6 (DE-588)4071013-0 (DE-588)4120670-8 (DE-588)4015701-5 (DE-588)4113937-9 |
| title | The Liberalization of Capital Movements in Europe The Monetary Committee and Financial Integration 1958–1994 |
| title_auth | The Liberalization of Capital Movements in Europe The Monetary Committee and Financial Integration 1958–1994 |
| title_exact_search | The Liberalization of Capital Movements in Europe The Monetary Committee and Financial Integration 1958–1994 |
| title_exact_search_txtP | The Liberalization of Capital Movements in Europe The Monetary Committee and Financial Integration 1958–1994 |
| title_full | The Liberalization of Capital Movements in Europe The Monetary Committee and Financial Integration 1958–1994 by Age F.P. Bakker |
| title_fullStr | The Liberalization of Capital Movements in Europe The Monetary Committee and Financial Integration 1958–1994 by Age F.P. Bakker |
| title_full_unstemmed | The Liberalization of Capital Movements in Europe The Monetary Committee and Financial Integration 1958–1994 by Age F.P. Bakker |
| title_short | The Liberalization of Capital Movements in Europe |
| title_sort | the liberalization of capital movements in europe the monetary committee and financial integration 1958 1994 |
| title_sub | The Monetary Committee and Financial Integration 1958–1994 |
| topic | Europäische Kommission Währungsausschuss (DE-588)2015915-8 gnd International Economics Finance, general Public International Law Macroeconomics/Monetary Economics//Financial Economics International economics Finance Public international law Macroeconomics Finanzwirtschaft (DE-588)4017214-4 gnd Kapitalmobilität (DE-588)4163275-8 gnd Kapitalbewegung (DE-588)4132737-8 gnd Internationale Kapitalbewegung (DE-588)4162044-6 gnd Europäische Integration (DE-588)4071013-0 gnd Liberalisierung (DE-588)4120670-8 gnd |
| topic_facet | Europäische Kommission Währungsausschuss International Economics Finance, general Public International Law Macroeconomics/Monetary Economics//Financial Economics International economics Finance Public international law Macroeconomics Finanzwirtschaft Kapitalmobilität Kapitalbewegung Internationale Kapitalbewegung Europäische Integration Liberalisierung Europa Hochschulschrift |
| url | https://doi.org/10.1007/978-94-011-0123-3 |
| work_keys_str_mv | AT bakkeragefp theliberalizationofcapitalmovementsineuropethemonetarycommitteeandfinancialintegration19581994 |