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The Abolition of Exchange Controls and British Invisible Exports

  • Kate Phylaktis
Chapter

Abstract

Ten years have passed since the abolition of exchange controls in 1979. This article assesses the consequences of that decision on invisible exports and in particular on interest payments, profits, and dividends (IPD). The controls did not on the whole affect investment income directly, but affected profits, dividends and interest payments through their effects on UK overseas investment.

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Copyright information

© Robert Miller 1989

Authors and Affiliations

  • Kate Phylaktis
    • 1
  1. 1.Research Centre in Financial DevelopmentCity University Business SchoolUK

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