Illicit financial flows and the Global South: A review of methods and evidence

Kasper Brandt

No wp-2020-169, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

Abstract: Illicit financial flows (IFFs) constitute a major challenge for development in the Global South, as domestic resource mobilization is imperative for providing crucial public services. While several methods offer to measure the extent of IFFs, each has its benefits and drawbacks. Critically, methods based on the balance of payments identity may capture licit as well as illicit flows, and a method based on macroeconomic trade discrepancies suffers from doubtful assumptions.

Keywords: Illicit financial flows; Tax havens; Multinational firms; Profit shifting (search for similar items in EconPapers)
Date: 2020
New Economics Papers: this item is included in nep-fdg
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Citations: View citations in EconPapers (4)

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