Objective
The evolution of capital flows, and the degree of capital mobility, in industrial countries has been analyzed in several studies. Capital flows have been related to macroeconomic rates of return and evidence has been given that, due to the liberalization of financial markets, the sensitivity of capital movements to differences in profitability has increased in the course of the 1980s. This survey of the development of capital flows and its determinants has been complemented by 4 other studies.
In 3 additional contributions, the issue of capital mobility is looked at from a microeconomic point of view.
Finally, the issue of capital mobility has been examined from the point of view of macroeconomic stabilization.
The proposed project aims at assessing the consequences of full liberalisation of capital flows in Europe. It is intented ti investigate the potential for direct investment flows by calculating Tobin's q for different European countries and for different industries. The role of short-term capital flows in the stages before the European Monetary Union is completed will be analysed too. In a special section the developments in Portugal and Spain will be dealt with, where the effects of joining the EC and the removal of capital controls coincided.
Programme(s)
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
Topic(s)
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Data not available
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Call for proposal
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
Data not available
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
Funding Scheme
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
Coordinator
24118 Kiel
Germany
The total costs incurred by this organisation to participate in the project, including direct and indirect costs. This amount is a subset of the overall project budget.