Flight Capital as a Portfolio Choice.
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...
| Hlavní autoři: | , , |
|---|---|
| Médium: | Working paper |
| Jazyk: | English |
| Vydáno: |
World Bank
1999
|