Since March 1973 virtually all major currencies or currency blocs have been floating. As a result - so it seemed - controls over international capital movements would become less important. But any hopes for a lasting liberalization of capital movements at flexible rates of exchange must be kept...

Although harmonization of EC banking laws has only just started, it does already have some practical significance, because in adjustments of national laws account is taken to some extent of the ideas developed on the level of the Community. Nevertheless, a number of problems make it doubtful...

While the case for Spanish and Portuguese EC membership is largely political, for membership to be a political success it must also be an economic success. Indeed it is economic factors which have ensured that six years after the applications were made, negotiations have not been concluded and...