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Introduction

In: The New Euromarkets

Author

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  • Brian Scott Quinn

    (University of Reading)

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.

Suggested Citation

  • Brian Scott Quinn, 1975. "Introduction," Palgrave Macmillan Books, in: The New Euromarkets, chapter 1, pages 3-8, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-02603-6_1
    DOI: 10.1007/978-1-349-02603-6_1
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