Economic recessions and political crises in recent decades contribute to the capital flight from the Republic of Moldova. At the same time, the problems of capital flight are studied insufficiently in the country's research. In this context, this study will fill out the gap by delivering new...

This paper empirically investigates if insurers exhibited a flight home or flight to quality during the European sovereign debt crisis and other stages of the financial crisis. Our dataset consists of over sixty insurance companies, for which we separately observe trading behaviour and portfolio...

With earthshaking and heartbreaking trends in African capital flight provided by a new database, this paper complements existing literature by answering some key policy questions on the feasibility of and timeframe for policy harmonization in the battle against the economic scourge. The goal of...

This paper provides an exhaustive assessment of feasible horizons for policy harmonization against African capital flight. The empirical evidence is based on a methodological innovation on common policy initiatives and the results are premised on 15 fundamental characteristics of African capital...

This paper describes a revenue management problem of a major airline that operates in a very competitive market involving two major hubs and having more than 30 parallel daily flights. We consider choice based stochastic assortment optimization problems to maximize the expected revenue for the...

Using a model of small open economy operating under dual foreign exchange markets, with free exchange rate for financial transactions and quasi-fixed exchange rate for commercial transactions, we show in this paper expansionary monetary policy will be associated with: (a) losses of international...

Drawing on newly published macroeconomic statistics, this paper estimates the amount of household wealth owned by each country in offshore tax havens. The equivalent of 10% of world GDP is held in tax havens globally, but this average masks a great deal of heterogeneity—from a few percent of...

This paper examines the role of asset performance, volatility, illiquidity, and monetary policy on flight-to-quality episodes. We consider flights from stocks into long and short-term Treasuries, and Moody's AAA corporate bonds. Flights are shown to be associated with stock market volatility....

This study provides a harmonization framework for common capital flight policies in Africa. It builds on evidence of persistent extreme poverty in the continent to assess how common measures can be adopted by sampled countries on one cause of extreme poverty: capital flight. The dataset is...