Flight Capital as a Portfolio Choice. by Collier, P, Hoeffler, A, Pattillo, C

“…The effect of the HIPC debt relief initiative on capital repatriation will vary massively between HIPC-eligible countries. …”

Flight Capital As a Portfolio Choice. by Collier, P, Hoeffler, A, Pattillo, C

“…They apply the results to three policy issues: how the East Asian crisis affected domestic capital outflows; the effect of the International Monetary Fund-World Bank debt relief initiative for heavily indebted poor countries on capital repatriation; and why so much of Africa's private wealth is held outside the continent.…”