Sound, deep, and efficient financial sectors are vital for high sustained, private sector-led growth. But financial sectors in their current form pose major problems for the economies of sub Saharan Africa...
This article sets flight capital in the context of portfolio choice, focusing on the proportion of private wealth that is held abroad. There are large regional differences in this proportion, ranging from...
Circumstance and choice: the role of initial conditions and policies in transition economies; by Martha de Melo, Cevdet Denizer, Allan Gelb and Stoyan Tenev. Multi-tier targeting of social assistance:...
The authors examine flight capital in the context of portfolio choice. They estimate the stock of flight capital held abroad and compare it with the stock of real (nonfinancial) capital held within each...