Large-scale capital flight is often mentioned as an important cause of the external debt problem of developing countries. Motivated by this concern, this paper addresses the following questions (1) What is capital flight and, empirically, how large is it? (2) Why is capital flight thought of as "bad", i.e., as a reason for policy concern? (3) What are the underlying economic determinants of capital flight? and (4) What policy reforms, if any, are...
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INFORMACIÓN
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1986/05/31
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Documento de trabajo departamental
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CPD8551
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1
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1
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2017/12/02
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Disclosed
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Capital flight : estimates, issues, and explanations
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