Pregled bibliografske jedinice broj: 645464
Capital Flight in the Presence of Domestic Borrowing: Evidence from Eastern European Economies
Capital Flight in the Presence of Domestic Borrowing: Evidence from Eastern European Economies // World development, 51 (2013), 32-46 doi:10.1016/j.worlddev.2013.05.007 (međunarodna recenzija, članak, znanstveni)
CROSBI ID: 645464 Za ispravke kontaktirajte CROSBI podršku putem web obrasca
Naslov
Capital Flight in the Presence of Domestic Borrowing: Evidence from Eastern European Economies
Autori
Brada, Josef C. ; Kutan, Ali M. ; Vukšić, Goran
Izvornik
World development (0305-750X) 51
(2013);
32-46
Vrsta, podvrsta i kategorija rada
Radovi u časopisima, članak, znanstveni
Ključne riječi
capital flight ; financial sector liberalization ; credit ; transition economies ; Eastern Europe
Sažetak
We estimate capital flight from 10 Central and Eastern European countries for the period 1996– 2009. Capital flight from the transition economies is mainly an economic phenomenon, driven by differences in interest rates and investors’ perceptions of economic conditions in their countries as well as by the ease with which they are able to obtain funds that can be transferred overseas through domestic loans and capital inflows. Domestic credit expansion is an important source of financing for capital flight. Paradoxically, financial liberalization has fueled rather than reduced capital flight by reducing its costs and increasing the funds that can be moved abroad.
Izvorni jezik
Engleski
Znanstvena područja
Ekonomija
Citiraj ovu publikaciju:
Časopis indeksira:
- Current Contents Connect (CCC)
- Web of Science Core Collection (WoSCC)
- Social Science Citation Index (SSCI)
- SCI-EXP, SSCI i/ili A&HCI
- Scopus
- EconLit
