Steinkamp, Sven; Westermann, Frank - 2021 - This version: October 2020
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 … foreign-exchange inflows where the capital flight motivation is absent. Second, we compare the FX-cash component to broader …