Flight Capital as a Portfolio Choice.

Flight Capital as a Portfolio Choice.

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Among 51 countries studied, there are large regional differences in the proportion of private wealth held abroad, ranging from 3 percent in South Asia to 39 percent in Africa. Three variables explain capital flight in Africa: exchange rate overvaluation, adverse investor risk ratings, and high indeb...

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Autors principals:	Collier, P, Hoeffler, A, Pattillo, C
Format:	Working paper
Idioma:	English
Publicat:	World Bank 1999

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