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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]

Author

Listed:
  • Galy, Michel

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

Suggested Citation

  • Galy, Michel, 1986. "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 prosp," MPRA Paper 62009, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:62009
    as

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    File URL: https://mpra.ub.uni-muenchen.de/62009/1/MPRA_paper_62009.pdf
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    References listed on IDEAS

    as
    1. Sargent, Thomas J, 1976. "A Classical Macroeconometric Model for the United States," Journal of Political Economy, University of Chicago Press, vol. 84(2), pages 207-237, April.
    2. Gaab, W. & Granziol, M. J. & Horner, M., 1986. "On some international parity conditions : An empirical investigation," European Economic Review, Elsevier, vol. 30(3), pages 683-713, June.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    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.;
    All these keywords.

    JEL classification:

    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • F0 - International Economics - - General
    • F00 - International Economics - - General - - - General
    • F2 - International Economics - - International Factor Movements and International Business
    • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements
    • F49 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Other

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