Capital Flight and War

The author provides empirical evidence on the effects of inflation on post-war capital flight flows. He tests the hypothesis that inflation has a positive additional impact on capital flight flows after war. He uses a new panel dataset of 77 develo...

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Bibliographic Details
Main Author:	Davies, Victor A.B.
Format:	Policy Research Working Paper
Language:	English
Published:	World Bank, Washington, DC 2012
Subjects:	ACCOUNTING ACCRUALS ASSETS AVERAGE LEVEL BANKING SYSTEM BANKS BASKET OF GOODS BENCHMARK BENCHMARK INTEREST RATE BLACK MARKET BLACK MARKET PREMIUM CAPITAL BASE CAPITAL CONTROLS CAPITAL FLIGHT CAPITAL INFLOWS CAPITALIZATION CASH ACCOUNTING CONSUMER PRICE INDEX DEBT DEPENDENT VARIABLE DEVALUATION DEVELOPING COUNTRIES DEVELOPMENT ECONOMICS DEVELOPMENT REPORT DIRECT INVESTMENT DOMESTIC INVESTMENT DYNAMIC PANEL ECONOMETRIC ANALYSIS ECONOMETRICS ECONOMIC ACTIVITY ECONOMIC CONSEQUENCES ECONOMIC DEVELOPMENT ECONOMIC STUDIES EMPIRICAL EVIDENCE EMPIRICAL WORK EMPLOYMENT EMPLOYMENT EQUATIONS ESTIMATION RESULTS ESTIMATION TECHNIQUES EXCHANGE RATE EXOGENOUS VARIABLES EXPECTED RETURN EXPORTS EXTERNAL BORROWING EXTERNAL DEBT EXTERNAL FACTORS FACTOR ENDOWMENTS FINANCIAL CRISIS FINANCIAL MARKETS FLIGHT OF CAPITAL FOREIGN ASSETS FOREIGN CAPITAL FOREIGN CAPITAL FLOWS FOREIGN DIRECT INVESTMENT FOREIGN EXCHANGE FOREIGN INVESTMENT FORMAL ANALYSIS FREE TRADE GDP HIGH INFLATION HUMAN CAPITAL INCOME INCOME GROWTH INCOME LEVELS INFLATION INFLATION RATE INFLATION RATES INFORMATION ASYMMETRY INTEREST PAYMENTS INTEREST RATES INTERNATIONAL DEBT INTERNATIONAL FINANCE INTERNATIONAL MONETARY FUND INVESTMENT INCOME LAGGED DEPENDENT LAGGED LEVELS LDCS LOW INFLATION MACROECONOMIC CONDITIONS MACROECONOMIC ENVIRONMENT MACROECONOMIC STABILITY NEGATIVE EFFECT NOMINAL CAPITAL OPEN ECONOMY OPPORTUNITY COST OVERVALUATION PENALTIES PER CAPITA INCOME POLICY RESEARCH POLITICAL ECONOMY PORTFOLIO PORTFOLIO INVESTMENT PORTFOLIOS PRICE LEVELS PRIVATE CAPITAL PRODUCTIVITY PUBLIC DEBT RATES OF RETURN REAL EXCHANGE RATE REDUCING INFLATION RISK PREMIUMS SERIAL CORRELATION TAX POLICY TAX REVENUES TRADE REGIME TRANSACTIONS COSTS TREASURY BILL TRUST COMPANY WEALTH
Online Access:	http://hdl.handle.net/10986/7046

Internet

http://hdl.handle.net/10986/7046

Capital Flight and War

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