The Legislative Framework Corresponding to the Free Movement of Capital and Payments in the European Union

Adriana Motatu ()
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Adriana Motatu: Faculty of Law, Bucharest University of Economic Studies, Romania

Review of Law and Social Studies, 2024, vol. 1, issue 1, 40-48

Abstract: The liberalization of the movement of capital had to be achieved progressively, the member states were obliged to remove the restrictions to the extent necessary for the proper functioning of the Common Market. Full freedom of capital transactions was established in the first stage of the Economic and Monetary Union, to be later enshrined by the Maastricht Treaty. The principle of free movement of capital and payments does not require the adoption of additional regulations at the national level, being therefore directly applicable in the member countries.

Keywords: liberalization; capital; payments; member states; transactions; Common Market; internal market; single market. (search for similar items in EconPapers)
JEL-codes: K22 K33 (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:sja:journ2:v:1:y:2024:i:1:p:40-48

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