Capital market liberalisation

Single Market Review:
During 1997 EUR-OP and Kogan Page have been progressively publishing the titles in the major new series Single Market Review. This is a set of thirty nine volumes detailing the results of an exercise undertaken by the European Commission in 1996 assessing the progress made in implementing the Single Market Programme (SMP). The thirty nine volumes look at specific business sectors or Single Market issues, plus a business survey. Each report has been compiled by leading subject experts and co-ordinated by the Commission.

The first titles published in the series were described in 'Recent publications of interest' in European Access, No.3, 5 and 6, 1997. Recently, there has been a positive flood of new titles, brief details of which are noted below.

European Commission, DG XV/II
Capital market liberalisation
The Single Market Review, Subseries III:
Dismantling of Barriers, Vol.5
EC/Kogan Page, 1997
ISBN: 92-827-8793-1(EC)/ 0-7494-2328-5(Kogan Page)
EC, No.C1-69-96-005-EN-C
Price: € 48.00/ £40.00

The SMP, amongst other things, turned its attention to barriers to competition and factor mobility in financial and other services. The removal of barriers in financial markets should allow capital to become more mobile and move to the location with the highest return. This study analyses the process of the removal of obstacles to the free movement of capital and asks whether the SMP has stimulated capital mobility. The study shows that capital mobility within the EU is still not entirely free.