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Financial liberalization and capital flight

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  • Hermes, Niels
  • Lensink, Robert

    (Groningen University)

Abstract

During the past decades, many countries experienced considerable capital flight. Residents moved their wealth abroad, using different ways to accumulate foreign assets. Since the 1990s, several of these countries reformed their domestic financial markets in an attempt to improve the functioning of their domestic financial systems and to increase the efficiency of resource allocation

Suggested Citation

  • Hermes, Niels & Lensink, Robert, 2014. "Financial liberalization and capital flight," Research Report 14031-EEF, University of Groningen, Research Institute SOM (Systems, Organisations and Management).
    • Handle: RePEc:gro:rugsom:14031-eef
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    File URL: http://hdl.handle.net/11370/03780e68-30db-4df1-b64b-581e590209dd
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    References listed on IDEAS

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