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Capital Flight, Institutions, and Instability
出版International Monetary Fund, 2005-10-01
主題Business & Economics / Exports & ImportsBusiness & Economics / Economics / Macroeconomics
ISBN14518621809781451862188
URLhttp://books.google.com.hk/books?id=DItXxgEACAAJ&hl=&source=gbs_api
註釋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.