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...

Descrición completa

Detalles Bibliográficos
Autor Principal: Saxena, Sweta
Outros autores: Cerra, Valerie, Rishi, Meenakshi
Formato: Revista
Idioma:English
Publicado: Washington, D.C. : International Monetary Fund, 2005.
Series:IMF Working Papers; Working Paper ; No. 2005/199
Acceso en liña:Full text available on IMF
LEADER 01649cas a2200265 a 4500
001 AALejournalIMF003797
008 230101c9999 xx r poo 0 0eng d
020 |c 5.00 USD 
020 |z 9781451862188 
022 |a 1018-5941 
040 |a BD-DhAAL  |c BD-DhAAL 
100 1 |a Saxena, Sweta. 
245 1 0 |a Robbing the Riches :   |b Capital Flight, Institutions, and Instability /  |c Sweta Saxena, Meenakshi Rishi, Valerie Cerra. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2005. 
300 |a 1 online resource (39 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a 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. 
538 |a Mode of access: Internet 
700 1 |a Cerra, Valerie. 
700 1 |a Rishi, Meenakshi. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2005/199 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2005/199/001.2005.issue-199-en.xml  |z IMF e-Library