The 1960s: Lost Momentum

  • Age F. P. Bakker
Part of the Financial and Monetary Policy Studies book series (FMPS, volume 29)


After the Monetary Committee had started its work it was some time before the issue of capital liberalization was taken up. This was largely due to two factors, a practical one and a political one. The practical factor was that both the Commission and the committee had to get organized. Priorities had to be set. They had to take stock of the prevailing situation, make an inventory of existing restrictions and design a framework for giving content to the Treaty obligations.


Member State Monetary Policy Trade Credit Capital Flow Capital Movement 
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  1. 2.
    Banca d’Italia, Annual Report 1961, p. 77.Google Scholar
  2. 3.
    Banca d’Italia, Annual Report 1960, p. 87–92.Google Scholar
  3. 11.
    Monetary Committee, Annual Report 1960.Google Scholar
  4. 15.
    Banque de France, Annual Report 1960, p. 24.Google Scholar
  5. 16.
    Banca d’Italia, Annual Report 1960, p. 88.Google Scholar

Copyright information

© Springer Science+Business Media Dordrecht 1996

Authors and Affiliations

  • Age F. P. Bakker
    • 1
  1. 1.Free UniversityAmsterdamThe Netherland

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