Capital Outflows: Where the Money Goes?

Alexey Moiseev () and Oxana Grigorieva
Additional contact information
Alexey Moiseev: VTB Capital
Oxana Grigorieva: VTB Capital

Ekonomicheskaya Politika / Economic Policy, 2012, 33-49

Abstract: During the past year capital outflow data were overcoming CBR’s forecasts significantly and both banking and corporate sectors have contributed to this tendency. Capital outflow from banks can be explained by a number of factors that influence balance of payments a lot: opening deposits abroad, servicing of clients’ FX transactions, operations with Russian companies in offshore jurisdiction and funding of offshore subsidiaries. Considering corporate sector capital outflow of the last years was related to abundant flows of foreign direct investments of Russian companies. Significant part of them was attributed to contributions in capital abroad, particularly transnational M&A deals.

Keywords: capital outflow; direct investments; banking and corporate sectors; balance of payments (search for similar items in EconPapers)
Date: 2012
References: Add references at CitEc
Citations:

Downloads: (external link)
https://repec.ranepa.ru/rnp/ecopol/ep1216.pdf

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:rnp:ecopol:ep1216

Access Statistics for this article

Ekonomicheskaya Politika / Economic Policy is currently edited by Vladimir Mau

More articles in Ekonomicheskaya Politika / Economic Policy from Russian Presidential Academy of National Economy and Public Administration Contact information at EDIRC.
Bibliographic data for series maintained by RANEPA maintainer ().