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Conclusions

In: Taxes and Exchange Rates in the EU

Author

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  • John Lorié

Abstract

The objective of this study is to provide a complement to earlier landmark studies of international liberalisation of financial capital in the EU by Ruding (1969) and Bakker (1996), which primarily dealt with, respectively, ways to achieve international liberalisation of financial capital and the process of actual liberalisation. These studies hardly deal with welfare issues: Ruding (1969) states that it is not possible to reduce the pros and cons of international liberalisation to a common denominator, while Bakker (1996) touches on them only superficially. International tax differences and real exchange rate changes in the EU, moreover, lack comprehensive treatment in both studies. Nevertheless, international financial capital flows were liberalised in the EU as of 1 July 1990, primarily a political decision, as it seems in this context.

Suggested Citation

  • John Lorié, 2006. "Conclusions," Palgrave Macmillan Books, in: Taxes and Exchange Rates in the EU, chapter 8, pages 429-452, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-62570-9_8
    DOI: 10.1057/9780230625709_8
    as

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