the requirement for approval of capital transfers abroad, organized by the central bank or a government authority on the basis of corresponding legal provisions (restriction of the free movement of capital; it consists of measures taken to limit the flow of foreign capital in and out of a country or currency area). – All restrictions on the movement of capital within the EU were basically abolished as early as 1990 (Articles 56 et seq. of the EC Treaty). – See capital foreclosure, cash deposit, carry trades, money, hot, forced exchange economy, Multilateral Investment Guarantee Agency. – Cf. Monthly Report of the Deutsche Bundesbank of July 2001, pp. 15 ff. (free movement of persons in the EU), Monthly Report of the Deutsche Bundesbank of July 2020, pp. 57 ff. (in the wake of the financial crisis, several countries are resorting to capital controls).
Attention: The financial encyclopedia is protected by copyright and may only be used for private purposes without express consent!
University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: firstname.lastname@example.org