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:...
51个被研究的国家中,在由国外持有的私人财富比例方面存在着很大的地域差别:从最低的南亚3%到最高的非洲39%不等。三个因素可以解释非洲的资本外流:汇率高估、投资者风险规避程度和高负债。 Collier, Hoeffler和Pattillo从投资组合选择角度研究了外流资本。他们分析了国外持有的外流资本,并将其与各国内部持有的实际(非财务的)资本进行了比较。 对于这51个国家,他们将私人国内资本和外流资本进行了测算(到1990年止),前者和后者加在一起构成了一国的国内财富。...