Introduction

Brian Scott Quinn
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Brian Scott Quinn: University of Reading

Chapter 1 in The New Euromarkets, 1975, pp 3-8 from Palgrave Macmillan

Abstract: 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.

Keywords: Capital Market; Financial Asset; Financial Intermediary; Capital Asset Price Model; Asset Price Model (search for similar items in EconPapers)
Date: 1975
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DOI: 10.1007/978-1-349-02603-6_1

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