Drawing on newly published macroeconomic statistics, this paper estimates the amount of
household wealth owned by each country in offshore tax havens. The equivalent of 10% of …

This paper offers a critical review of the methods used to estimate the extent of capital flight
and illicit financial flows from develo** countries. The largest estimates in the literature are …

We investigate the determinants of capital flight from 30 sub-Saharan African countries,
including 24 countries classified as severely indebted low-income countries, for 1970–96 …

This study examines the impacts of democracy and political risk on stock market. Using
annualized panel data for 49 emerging markets for 2000–2012 we find evidence that …

Capital flight often amounts to a substantial proportion of GDP in develo** countries. This
paper presents a portfolio choice model that relates capital flight to return differentials, risk …

Civil wars have caused tremendous human suffering in the last century, and the United
Nations is often asked to send peacekeepers to stop ongoing violence. Yet despite being …

While Bangladesh remains steeped in staggering external debt, it is also concurrently
witnessing a substantial outflow of domestic capital. This situation raises serious policy …