Robbing the Riches : Capital Flight, Institutions, and Instability /
Capital flight may undermine economic growth and the effectiveness of debt relief and foreign aid. This paper is the first attempt to test whether unsound macroeconomic policies or weak institutions lead to capital flight, using panel data for a large set of developing, emerging market and transitio...
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| Övriga upphovsmän: | , |
| Materialtyp: | Tidskrift |
| Språk: | English |
| Publicerad: |
Washington, D.C. :
International Monetary Fund,
2005.
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| Serie: | IMF Working Papers; Working Paper ;
No. 2005/199 |
| Länkar: | Full text available on IMF |
| Sammanfattning: | Capital flight may undermine economic growth and the effectiveness of debt relief and foreign aid. This paper is the first attempt to test whether unsound macroeconomic policies or weak institutions lead to capital flight, using panel data for a large set of developing, emerging market and transition countries. In addition, the paper tests the revolving door hypothesis that links debt accumulation and capital flight, and analyzes the contribution of institutions to several channels in this relationship. |
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| Beskrivning: | <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required |
| Fysisk beskrivning: | 1 online resource (39 pages) |
| Materialtyp: | Mode of access: Internet |
| ISSN: | 1018-5941 |
| Tillgång: | Electronic access restricted to authorized BRAC University faculty, staff and students |