Flight Capital as a Portfolio Choice

Flight Capital as a Portfolio Choice
Author :
Publisher : International Monetary Fund
Total Pages : 34
Release :
ISBN-10 : 9781451858488
ISBN-13 : 1451858485
Rating : 4/5 (88 Downloads)

Book Synopsis Flight Capital as a Portfolio Choice by : Ms.Catherine A. Pattillo

Download or read book Flight Capital as a Portfolio Choice written by Ms.Catherine A. Pattillo and published by International Monetary Fund. This book was released on 1999-12-01 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper sets flight capital in the context of portfolio choice, focusing upon the proportion of private wealth that is held abroad. There are large regional differences in this proportion, ranging from 5 percent in South Asia to 40 percent in Africa. We explain cross-country differences in portfolio choice by variables that proxy differences in the risk-adjusted rate of return on capital. We apply the results to four policy questions: how the East Asian crisis affected domestic capital outflows; herd effects; the effect of the IMF-World Bank debt relief initiative for heavily-indebted poor countries (HIPC) on capital repatriation; and why so much of Africa’s private wealth is held outside the continent.


Flight Capital as a Portfolio Choice Related Books

Flight Capital as a Portfolio Choice
Language: en
Pages: 34
Authors: Ms.Catherine A. Pattillo
Categories: Business & Economics
Type: BOOK - Published: 1999-12-01 - Publisher: International Monetary Fund

DOWNLOAD EBOOK

This paper sets flight capital in the context of portfolio choice, focusing upon the proportion of private wealth that is held abroad. There are large regional
Capital Flight from Africa
Language: en
Pages: 455
Authors: Simeon Ibidayo Ajayi
Categories: Business & Economics
Type: BOOK - Published: 2015 - Publisher: Oxford University Press, USA

DOWNLOAD EBOOK

A comprehensive thematic analysis of capital flight from Africa, it covers the role of safe havens, offshore financial centres, and banking secrecy in facilitat
Economic Growth and Financial Development
Language: en
Pages: 245
Authors: Muhammad Shahbaz
Categories: Business & Economics
Type: BOOK - Published: 2021-09-21 - Publisher: Springer Nature

DOWNLOAD EBOOK

This book looks into the relationship between financial development, economic growth, and the possibility of a potential capital flight in the transmission proc
Capital Flight
Language: en
Pages: 56
Authors: John T. Cuddington
Categories: Business & Economics
Type: BOOK - Published: 1986 - Publisher:

DOWNLOAD EBOOK

Strategic Asset Allocation
Language: en
Pages: 272
Authors: John Y. Campbell
Categories: Business & Economics
Type: BOOK - Published: 2002-01-03 - Publisher: OUP Oxford

DOWNLOAD EBOOK

Academic finance has had a remarkable impact on many financial services. Yet long-term investors have received curiously little guidance from academic financial