Capital Flight and Capital Controls in Developing Countries

Capital Flight and Capital Controls in Developing Countries PDF Author: Gerald A. Epstein
Publisher: Edward Elgar Publishing
ISBN: 9781781008058
Category : Business & Economics
Languages : en
Pages : 368

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Book Description
Capital flight - the unrecorded export of capital from developing countries - often represents a significant cost for developing countries. It also poses a puzzle for standard economic theory, which would predict that poorer countries be importers of capital due to its scarcity. This situation is often reversed, however, with capital fleeing poorer countries for wealthier, capital-abundant locales. Using a common methodology for a set of case studies on the size, causes and consequences of capital flight in developing countries, the contributors address the extent of capital flight, its effects, and what can be done to reverse it. Case studies of Brazil, China, Chile, South Africa, Thailand, Turkey and the Middle East provide rich descriptions of the capital flight phenomena in a variety of contexts. The volume includes a detailed description of capital flight estimation methods, a chapter surveying the impact of financial liberalization, and several chapters on controls designed to solve the capital flight problem. The first book devoted to the careful calculation of capital flight and its historical and policy context, this volume will be of great interest to students and scholars in the areas of international finance and economic development.

Capital Flight and Capital Controls in Developing Countries

Capital Flight and Capital Controls in Developing Countries PDF Author: Gerald A. Epstein
Publisher: Edward Elgar Publishing
ISBN: 9781781008058
Category : Business & Economics
Languages : en
Pages : 368

Get Book Here

Book Description
Capital flight - the unrecorded export of capital from developing countries - often represents a significant cost for developing countries. It also poses a puzzle for standard economic theory, which would predict that poorer countries be importers of capital due to its scarcity. This situation is often reversed, however, with capital fleeing poorer countries for wealthier, capital-abundant locales. Using a common methodology for a set of case studies on the size, causes and consequences of capital flight in developing countries, the contributors address the extent of capital flight, its effects, and what can be done to reverse it. Case studies of Brazil, China, Chile, South Africa, Thailand, Turkey and the Middle East provide rich descriptions of the capital flight phenomena in a variety of contexts. The volume includes a detailed description of capital flight estimation methods, a chapter surveying the impact of financial liberalization, and several chapters on controls designed to solve the capital flight problem. The first book devoted to the careful calculation of capital flight and its historical and policy context, this volume will be of great interest to students and scholars in the areas of international finance and economic development.

Capital Flight from Africa

Capital Flight from Africa PDF Author: Simeon Ibidayo Ajayi
Publisher: Oxford University Press, USA
ISBN: 0198718551
Category : Business & Economics
Languages : en
Pages : 455

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Book Description
A comprehensive thematic analysis of capital flight from Africa, it covers the role of safe havens, offshore financial centres, and banking secrecy in facilitating illicit financial flows and provides rich insights to policy makers interested in designing strategies to address the problems of capital flight and illicit financial flows.

Capital Flight From Developing Countries

Capital Flight From Developing Countries PDF Author: Benu Varman-Schneider
Publisher: Routledge
ISBN: 0429715005
Category : Political Science
Languages : en
Pages : 174

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Book Description
In this book, the author defines, measures, and explains the phenomenon of capital flight from developing countries. She attempts to incorporate the causes of capital flight in the measurement procedure.

Economic Growth and Financial Development

Economic Growth and Financial Development PDF Author: Muhammad Shahbaz
Publisher: Springer Nature
ISBN: 3030790037
Category : Business & Economics
Languages : en
Pages : 245

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Book Description
This book looks into the relationship between financial development, economic growth, and the possibility of a potential capital flight in the transmission process. It also examines the important role that financial institutions, financial markets, and country-level institutional factors play in economic growth and their impact on capital flight in emerging economies. By presenting new theoretical insights and empirical country studies as well as econometric approaches, the authors focus on the relationship between financial development and economic growth with capital flight in the era of financial crisis. Therefore, this book is a must-read for researchers, scholars, and policy-makers, interested in a better understanding of economic growth and financial development of emerging economies alike.

On the Trail of Capital Flight from Africa

On the Trail of Capital Flight from Africa PDF Author: Léonce Ndikumana
Publisher: Oxford University Press
ISBN: 0192594222
Category : Business & Economics
Languages : en
Pages : 273

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Book Description
On the Trail of Capital Flight from Africa investigates the dynamics of capital flight from Angola, Côte d'Ivoire, and South Africa, countries that have witnessed large-scale illicit financial outflows in recent decades. Quantitative, qualitative, and institutional analysis for each country is used to examine the modus operandi of capital flight; that is, the 'who', 'how', and 'where' dimensions of the phenomenon. 'Who' refers to major domestic and foreign players; 'how' refers to mechanisms of capital acquisition, transfer, and concealment; and 'where' refers to the destinations of capital flight and the transactions involved. The evidence reveals a complex network of actors and enablers involved in orchestrating and facilitating capital flight and the accumulation of private wealth in offshore secrecy jurisdictions. This underscores the reality that capital flight is a global phenomenon, and that measures to curtail it are a shared responsibility for Africa and the global community. Addressing the problem of capital flight and related issues such as trade misinvoicing, money laundering, tax evasion, and theft of public assets by political and economic elites will require national and global efforts with a high level of coordination.

Measuring Capital Flight

Measuring Capital Flight PDF Author: Benu Schneider
Publisher:
ISBN: 9780850036336
Category :
Languages : en
Pages : 92

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Book Description


Capital Flight

Capital Flight PDF Author: John T. Cuddington
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 56

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Book Description


The Battle of Bretton Woods

The Battle of Bretton Woods PDF Author: Benn Steil
Publisher: Princeton University Press
ISBN: 0691149097
Category : Business & Economics
Languages : en
Pages : 480

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Book Description
Recounts the events of the Bretton Woods accords, presents portaits of the two men at the center of the drama, and reveals Harry White's admiration for Soviet economic planning and communications with intelligence officers.

Capital Flight and Third World Debt

Capital Flight and Third World Debt PDF Author: John Williamson
Publisher:
ISBN:
Category : Social Science
Languages : en
Pages : 284

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Book Description


Foreign Direct Investment and Capital Flight

Foreign Direct Investment and Capital Flight PDF Author: Chander Kant
Publisher: International Finance Section Department of Econ Ton Univers
ISBN:
Category : Business & Economics
Languages : en
Pages : 52

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Book Description