Steinkamp, Sven; Westermann, Frank - 2021 - This version: September 2021
on the possible link between capital flight and development aid. In this paper, we address the issue for Nepal, a … statistics, and the focus on the foreign-exchange cash component of development aid. We document a robust partial correlation … correlation is not observable for remittances, an alternative form of foreign-exchange inflows where the capital flight motivation …
