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Black Money

In: What Drives Global Capital Flows?

Author

Listed:
  • Brendan Brown

Abstract

It is impossible to give a comprehensive picture of international money flows without at least sketching the movement of black or grey capital around the globe. For obvious reasons, officially compiled balance of payments data provide no direct measures which would help in the sketch. Fortunately, however, for the analysis of global capital flow, even grey and black capital does not move completely without trace on the data. The principles of double-income accounting (which apply also to balance of payments data) and the zero sum condition (all current account balances should add up to zero) means that hidden capital flows leave clues somewhere in the global payments records.

Suggested Citation

  • Brendan Brown, 2006. "Black Money," Palgrave Macmillan Books, in: What Drives Global Capital Flows?, chapter 2, pages 38-64, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-62729-1_2
    DOI: 10.1057/9780230627291_2
    as

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