liberalization of capital movements

Indeed, this proposal represents an important step towards the greater liberalization of capital movements in the European Union.

The OECD Code on Liberalization of Capital Movements, for example, requires members to liberalize restrictions on direct investment in a broad range of areas.

These were gradually eliminated through the Single Market programme and the liberalization of capital movements, so that by the late 1980s one of the two remaining objectives had to go to for consistency to be maintained.

In the motion for a resolution, I read this: ' recognizing that the liberalization of capital movements brings enormous benefits, since a free capital market ensures that savings are assigned to the most productive investments' .

I should like to begin with one or two points of interest: the report contains some introductory remarks which provide information on the deregulation of domestic financial markets, the associated trend towards the globalization of financial and capital markets, and the liberalization of capital movements.