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

Author

Listed:
  • Adriana Motatu

    (Faculty of Law, Bucharest University of Economic Studies, Romania)

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.

Suggested Citation

  • Adriana Motatu, 2024. "The Legislative Framework Corresponding to the Free Movement of Capital and Payments in the European Union," Review of Law and Social Studies, Societatea de Stiinte Juridice si Administrative (Society of Juridical and Administrative Sciences), vol. 1(1), pages 40-48, July.
    • Handle: RePEc:sja:journ2:v:1:y:2024:i:1:p:40-48
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    File URL: https://lssreview.adjuris.ro/articole/an1v1/4.pdf
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    More about this item

    Keywords

    liberalization; capital; payments; member states; transactions; Common Market; internal market; single market.;
    All these keywords.

    JEL classification:

    • K22 - Law and Economics - - Regulation and Business Law - - - Business and Securities Law
    • K33 - Law and Economics - - Other Substantive Areas of Law - - - International Law

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