Capital Flight from Russia /

This paper documents the scale of capital flight from Russia, compares it with that observed in other countries, and reviews policy options. The evidence from other countries suggests that capital flight can be reversed once reforms take hold. The paper argues that capital flight from Russia can onl...

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Bibliografske podrobnosti
Glavni avtor: Loungani, Prakash
Drugi avtorji: Mauro, Paolo
Format: Revija
Jezik:English
Izdano: Washington, D.C. : International Monetary Fund, 2000.
Serija:IMF Policy Discussion Papers; Policy Discussion Paper ; No. 2000/006
Online dostop:Full text available on IMF
Opis
Izvleček:This paper documents the scale of capital flight from Russia, compares it with that observed in other countries, and reviews policy options. The evidence from other countries suggests that capital flight can be reversed once reforms take hold. The paper argues that capital flight from Russia can only be curbed through a medium-term reform strategy aimed at improving governance and macroeconomic performance, and strengthening the banking system. Capital controls result in costly distortions and should gradually be phased out as part of that medium-term strategy.
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Fizični opis:1 online resource (27 pages)
Format:Mode of access: Internet
ISSN:1934-7456
Dostop:Electronic access restricted to authorized BRAC University faculty, staff and students