La place du contrôle des mouvements de capitaux dans la politique économique française et les perspectives liées à son allégement

The role of capital controls in France's economic policy and prospects related to its phasing out

Michel Galy

MPRA Paper from University Library of Munich, Germany

Abstract: This paper reviews the central features of France’s capital controls in the 70's and 80's and strives to assess their ability, in the context of various exchange rate mechanisms, to regulate capital flows and to stabilize the exchange rate while allowing France to preserve a measure of economic and monetary independence, in particular within the European Monetary System

Keywords: France's capital controls; Foreign exchange rates; Interest rate; capital flows; Capital mobility; Balance of payments; European Monetary System; Monetary Policy; Monetary autonomy; Capital market integration; Granger causality. (search for similar items in EconPapers)
JEL-codes: E52 F0 F00 F2 F21 F49 (search for similar items in EconPapers)
Date: 1986-07-03
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:62009

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