Risk and Capital Flight in Developing Countries
The risks of large capital losses on the domestic assets of developing countries resulting from expropriation, inflation, or devaluations are identified as the major causes of capital flight. The combination of large foreign loans and capital flight from developing countries during the 1970s and early 1980s reflected different perceptions of domestic residents and foreign lenders regarding the risks of holding domestic assets. However, the debt crisis reduced these differences in perceived risks, and resulted in a decline of foreign loans coupled with continuation of capital flight. If sound macroeconomic and structural policies can reduce those risks, they can also stem capital flight
Year of publication: |
1990
|
---|---|
Institutions: | International Monetary Fund ; International Monetary Fund (contributor) |
Publisher: |
Washington, D.C : International Monetary Fund |
Subject: | Entwicklungsländer | Developing countries | Kapitalflucht | Capital flight | Internationale Staatsschulden | International sovereign debt |
Saved in:
freely available
Extent: | Online-Ressource (26 p) |
---|---|
Series: | IMF working papers. - Washington, DC : IMF, ZDB-ID 2108494-4. |
Type of publication: | Book / Working Paper |
Type of publication (narrower categories): | Arbeitspapier ; Working Paper |
Language: | English |
ISBN: | 1-4519-6289-4 ; 978-1-4519-6289-5 |
Other identifiers: | 10.5089/9781451962895.001 [DOI] |
Source: | ECONIS - Online Catalogue of the ZBW |
Persistent link: https://www.econbiz.de/10014396222
Saved in favorites
Similar items by subject
-
Bouchet, Michel Henri, (2021)
-
From financial repression to external distress : the case of Venezuela
Reinhart, Carmen M., (2016)
-
Capital flight, external debt and domestic policies
Dooley, Michael P., (1994)
- More ...
Similar items by person