The liberalization of capital movements in Europe : the Monetary Committee and financial integration, 1958-1994

A.F.P. Bakker

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Abstract

1. Introduction. 2. Capital restrictions: classification and general observations. 3. The Treaty of Rome and capital movements. 4. The role of the Monetary Committee. 5. The 1960s: lost momentum. 6. The 1970s: lost control. 7. The 1980s: liberalization and deregulation. 8. Towards the full liberalization of capital movements. 9. Towards Economic and Monetary Union. Appendices: chronology of major measures with respect to the regime of capital movements in the member states of the European Community chronology of general events in Europe.

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