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International Capital Movements and the Integration of Capital Markets (Main Paper, Working Group E)

In: Economic Integration: Worldwide, Regional, Sectoral

Author

Listed:
  • Peter B. Kenen

Abstract

Because we are to look at capital mobility and the integration of capital markets, I propose to emphasise dimensions of mobility that find their expression in organised markets — international transfers of instruments like stocks and bonds. I shall not say much about transfers of titles to real property or, at the opposite end of the spectrum, transfers of money in currency markets. In other words, I shall neglect direct investment and, with more serious misgivings, the problems of monetary integration posed by alternative exchange-rate regimes.

Suggested Citation

  • Peter B. Kenen, 1976. "International Capital Movements and the Integration of Capital Markets (Main Paper, Working Group E)," International Economic Association Series, in: Fritz Machlup (ed.), Economic Integration: Worldwide, Regional, Sectoral, chapter 8, pages 187-217, Palgrave Macmillan.
    • Handle: RePEc:pal:intecp:978-1-349-02571-8_9
    DOI: 10.1007/978-1-349-02571-8_9
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