Abstract
The inefficiencies associated with controls on international capital flows are frequently described in the literature and provide the rationale of any proposal aimed at removing them where they exist.1 In Europe in particular, capital controls are often questioned on the grounds that the very existence of the Community depends upon an agreement on free trade among its member countries.
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© 1988 by Martinus Nijhoff Publishers, Dordrecht
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Giavazzi, F., Pagano, M. (1988). Capital controls and the European Monetary System. In: Fair, D.E., de Boissieu, C. (eds) International Monetary and Financial Integration — The European Dimension. Financial and Monetary Policy Studies, vol 14. Springer, Dordrecht. https://doi.org/10.1007/978-94-009-3651-5_17
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DOI: https://doi.org/10.1007/978-94-009-3651-5_17
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