Prospects for the direct integration of E.E.C. capital markets

Over the past decade the European Economic Community has made incredible strides toward the realisation of the goals established by the architects of the Rome Treaty. The achievement of a customs union will occur a full year and a half in advance. In addition, progress has been made toward the achie...

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Bibliographic Details
Published in:PSL quarterly review 2014-02, Vol.20 (81)
Main Author: I.O. Jr. SCOTT
Format: Article
Language:English
Subjects:
capital movements
economic integration
EEC
liberalisation
restrictions
Online Access:Get full text
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Summary:Over the past decade the European Economic Community has made incredible strides toward the realisation of the goals established by the architects of the Rome Treaty. The achievement of a customs union will occur a full year and a half in advance. In addition, progress has been made toward the achievement of economic union and considerable strides have been made toward uniform policies in the areas of transportation, labour, taxation and company organisation. Probably the most difficult area in which member countries have sought agreement is that of capital movements. The present article analyses the prospects for the integration of capital markets and the removal of restrictions on capital movements within the EEC. The author considers the implementation of Article 67, the origins of obstacles to further liberalisation, and the prospects for the third directive.   JEL: F15, F36
ISSN:2037-3635
2037-3643
DOI:10.13133/2037-3643/11695