Even as African countries became increasingly indebted, they experienced largescale capital flight. Some of this was legitimately acquired capital fleeing economic and political uncertainties; some was illegitimately acquired wealth spirited to safer havens abroad. This paper presents new...

The general objective of this study is to analyze the external debt and debt burdens of the severely indebted sub-Saharan African countries, estimate the magnitude of capital flight from them, and relate the estimate of capital flight to some macroeconomic aggregates. The study also contains...

Over the past few decades, the foreign liabilities of the majority of countries in Sub-Saharan Africa have grown dramatically, propelling most nations into the status of Highly Indebted Poor Countries, when these liabilities reached unsustainable levels in the 1990s. At the same time, increases...

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...

Over the past few decades, the foreign liabilities of the majority of countries in Sub-Saharan Africa have grown dramatically, propelling most nations into the status of Highly Indebted Poor Countries, when these liabilities reached unsustainable levels in the 1990s. At the same time, increases...

Capital flight remains significant for public officials in East Africa member states, especially since the emergence of the foreign debt crisis and the associated drastic decline in capital inflows from developed nations and Bretton Woods institutions. Given their smaller resource base, debt...

This chapter aims to investigate the impact of natural resource abundance on capital flight in 10 African countries. For this purpose, the effects of natural resources rents, corruption index, total external debt stocks, and exchange rate on capital flight are examined for the period from 1990...