State regulation of capital outflow from the country

Artem Alexandrovich Gorenko
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Artem Alexandrovich Gorenko: Russian Foreign Trade Academy, Moscow, Russia

Russian Foreign Economic Journal, 2017, issue 12, 123-134

Abstract: An estimation of the state currency regulation is given in the article. The author has analyzed the prospects of possible currency control to restrict capital outflow from the country. The author concludes that the improvement of currency control, the creation of an integrated accounting and monitoring syste, unified database about possible violations of currency legislation, changes in the system of electronic document interchange are necessary in order to regulate capital outflow from the country. It is impossible to reduce the volume of capital outflow without purposeful,comprehensive and clearly implemented measures of state currency regulation.

Keywords: State currency regulation; currency control; capital outflow; information interchange; currency legislation. (search for similar items in EconPapers)
Date: 2017
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