 3.1 Transparency about data and regulation  3.2 Communication and financial literacy  3.3 Identification of frictions and policy evaluation  4 Summing Up  Figures  References  1 Motivation The free movement of capital constitutes a cornerstone of the European integration process. More than 60 years ago, the Common Market was initiated with the Treaty of Rome in 1957.
Reserve Bank guidelines for an acceptable rate of increase in the money supply, based on the objective of a gradual reduction in the rate of inflation and providing for a desirable but realistic rate of growth in real economic activity, were overshot by a substantial margin during each of the past four years.