The Consequences of the Removal of Exchange Controls on Portfolios and the Flow of Funds in the UK

M. Hughes

Chapter 9 in Modern Portfolio Theory and Financial Institutions, 1983, pp 181-210 from Palgrave Macmillan

Abstract: Abstract The removal of controls on outward capital flows marked a far greater change to U.K. economic policy than is popularly realised. Although it is the complex system of controls which has been in force since World War II that is the object of the current investigation, various forms of exchange controls can be traced back to the 13th century. A UK economy without foreign exchange restrictions is therefore the exception rather than the rule which makes an accurate assessment of the likely response to their removal very difficult.

Keywords: Financial Institution; Exchange Control; Investment Institution; Pension Fund; Foreign Currency (search for similar items in EconPapers)
Date: 1983
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-05843-3_9

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DOI: 10.1007/978-1-349-05843-3_9

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