Black Money

Brendan Brown

Chapter 2 in What Drives Global Capital Flows?, 2006, pp 38-64 from Palgrave Macmillan

Abstract: Abstract It is impossible to give a comprehensive picture of international money flows without at least sketching the movement of black or grey capital around the globe. For obvious reasons, officially compiled balance of payments data provide no direct measures which would help in the sketch. Fortunately, however, for the analysis of global capital flow, even grey and black capital does not move completely without trace on the data. The principles of double-income accounting (which apply also to balance of payments data) and the zero sum condition (all current account balances should add up to zero) means that hidden capital flows leave clues somewhere in the global payments records.

Keywords: Current Account; Trade Balance; Current Account Balance; Investment Income; Payment Data (search for similar items in EconPapers)
Date: 2006
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

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:pal:palchp:978-0-230-62729-1_2

Ordering information: This item can be ordered from
http://www.palgrave.com/9780230627291

DOI: 10.1057/9780230627291_2

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().