Flight Capital as a Portfolio Choice /

This paper sets flight capital in the context of portfolio choice, focusing upon the proportion of private wealth that is held abroad. There are large regional differences in this proportion, ranging from 5 percent in South Asia to 40 percent in Africa. We explain cross-country differences in portfo...

Full description

Bibliographic Details
Main Author: Hoeffler, Anke
Other Authors: Collier, Paul, Pattillo, Catherine
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 1999.
Series:IMF Working Papers; Working Paper ; No. 1999/171
Online Access:Full text available on IMF