Opening up Financial Markets

Claus Köhler

Chapter 11 in Tax Harmonization and Financial Liberalization in Europe, 1992, pp 126-140 from Palgrave Macmillan

Abstract: Abstract An evolving world economy should aim at the free exchange of goods and services between national economies, for such freedom guarantees a maximum increase in global prosperity. However, the free exchange of goods and services can be secured in the long run only if it is accompanied by the free cross-border movement of money and capital. National monetary markets are opened up to the partner economies and international monetary markets develop. In recent years, progress in this direction has been made in the major economies throughout the world.

Keywords: Exchange Rate; Interest Rate; Monetary Policy; Bond Market; Exchange Rate Change (search for similar items in EconPapers)
Date: 1992
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DOI: 10.1007/978-1-349-22008-3_11

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