Introduction

  • Brian Scott Quinn

Abstract

Within an economy, financial markets exist in order to bring together savings-deficit and savings-surplus units. The international capital markets perform the same function between economies and can be thought of as extending the benefits provided by such markets on a national scale. At least in principle unrestricted capital flows promise advantages to the world economy comparable to those obtained as a result of free trade. However, the simultaneous proliferation of exchange controls and easing of barriers to trade suggests that this may not be so.

Keywords

Income Marketing Expense Hedging 

Preview

Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

Notes

  1. 1.
    B. J. Moore, An Introduction to the Theory of Finance (New York: The Free Press, 1968) p. 95.Google Scholar

Copyright information

© Brian Scott Quinn 1975

Authors and Affiliations

  • Brian Scott Quinn
    • 1
  1. 1.Department of EconomicsUniversity of ReadingUK

Personalised recommendations