Financial liberalization and capital flight

Niels Hermes () and Robert Lensink

No 14031-EEF, Research Report from University of Groningen, Research Institute SOM (Systems, Organisations and Management)

Abstract: During the past decades, many countries experienced considerable capital flight. Residents moved their wealth abroad, using different ways to accumulate foreign assets. Since the 1990s, several of these countries reformed their domestic financial markets in an attempt to improve the functioning of their domestic financial systems and to increase the efficiency of resource allocation

Date: 2014
New Economics Papers: this item is included in nep-afr
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